Seven Benefits of Automated Underwriting

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09/04/2014

Automated underwriting holds the promise of better process flow, higher customer service levels, enhanced agency communications, improved tracking, more consistent underwriting decisions, faster throughput, and better mortality — all leading to the opportunity for significantly higher profits. For those companies still unconvinced of the business value, a cursory look at these seven benefits might convince them of the compelling story for potential growth. Wrtites Erik Stockwell in the article 7 benefits of Automated Underwriting in Insurance & Technology.

We agree!
Here is the summary of the seven benefits in the article:

  • Better Tracking and Improved Workflow
  • More Effective Use of Underwriting Resources
  • Enhanced Visibility and Service
  • Increased Consistent Decisions
  • Refined Product Development
  • Reduced Paper Process
  • Better Mortality Results – The Promise of Data Analysis

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