Time savings increase by 90% using Underwriting Insights’ ACORD Ingestion capabilities
This US-based Tier 2 carrier writes personal and commercial lines, including mid-market commercial. With over $2B in premiums, they write across most states and industries, primarily through a network of independent agents. The company has existed for nearly a century, and their underwriting operations have admittedly not changed much over the last 50 years.
Their main challenge was to improve the underwriting experience with faster data transfers and time-to-quote. As a result, they managed to increase their time-savings by 90%, among others.
Still, the carries considers themselves eager to undertake innovation and knows they must employ the appropriate technologies across their operations in order to excel through their next 100 years. Find out how they managed to make these changes using FRISS Underwriting Insights’ ACORD Ingestion and see how it can benefit your business as well!