Mind the Gap: The Case for the Commercial Lines Underwriting Workstation
Manual workarounds, Excel workbooks, e-mail exception processes...is this is really how commercial underwriters should conduct business in 2014? Fundamental gaps still exist between carrier's current systems and the functional capabilities their underwriters need to be more efficient and effective.
Many commercial lines carriers rely on their policy administration systems to achieve profitable growth objectives. While these systems play a meaningful role overall, they only address a portion of what underwriters need to compete more effectively and make better decisions.
In order to address these challenges, commercial lines carriers need modern underwriting workstation solutions that help underwriters bridge this divide and support their drive towards automation and differentiation.