New data sources, better analytic tools and more automated systems are giving commercial insurers expanded options for improving underwriting quality and productivity. As such, nearly 90 percent of carriers are currently investing in their underwriting function or plan to do so over the next three years.
How well are carriers doing in this area? Have investments empowered underwriters to do their jobs more efficiently and effectively now and in the future?
To answer such questions, Accenture polled more than 550 North American commercial lines, specialty lines and reinsurance underwriters on the major challenges they face today, the effectiveness of historical technology investments, and areas of focus for the future.
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