Revolutionizing Underwriting: Unleashing Efficiency for Better Outcomes
Decades-old underwriting processes have stood the test of time, but many companies remain hesitant to enhance these systems as long as their ratios hover around industry averages. In a recent poll conducted by Accenture, startling revelations emerged—40% of underwriters’ valuable time is allocated to non-core activities.
The Rise of Agency Creation: A Prudent Alternative for Insurance and Private Equity Capital Deployment
In a world characterized by ever-changing risk dynamics, especially in the property and liability markets, insurance carriers and private equity firms find themselves at the crossroads. The challenge of determining where to invest capital without taking on significant underwriting risk is real and daunting.
The Critical Need for Insurance Companies to Re-evaluate Their Software Stack for Cost Optimization
In the wave of tech modernization, several industries hopped on the bandwagon to remain competitive and to deliver better services. Among them, the insurance sector was no exception.