What is good for the underwriters is good for companies
28 April 2014
A reliable automated on-line underwriting process is beneficial for all parties. It will save both time and money for the insurance companies, the underwriters and above all, the customers. Underwriting has always been a part of the insurance industry, because risk products need to be underwritten. In life and health insurance this is particularly important due to the high risk amounts that can be involved in each case. Today the customer is driving the need to automate underwriting, keeping sales and marketing departments on their toes to provide the best on-line customer experience. So why is getting the automated underwriting right so important to winning business in the insurance industry?