SlideShare a Scribd company logo
Switch to
InsuranceUnderwriting
Software
for Decision Support
&
Faster Response
Right strategies and means can help you move into an ever-profitable
situation. Quality customer acquisition service is one of such ways
which is regarded as the key factor to business success. Specifically,
for the insurance industry, customer service acquisition comes as the
topmost criterion.
However, managing the customer acquisition process has always
been a troublesome job for an underwriter, working in an insurance
agency.
Critical Issues an
Underwriter faces
in an
Insurance Agency?
❑ Risk estimation before writing an insurance policy.
❑ Difficulty in making decisions on whether to give insurance
coverage to an individual or not.
❑ Determining the risk coverage to be provided and the premium
price.
❑ Examining the actuarial tables given by the actuaries.
❑ The chances of having to pay future claims.
Critical Issues at a Glance:
Switch to insuranceunderwriting software. These could be custom-
developed software solutions to simplify the decision-making task of
the underwriter.
The automated underwriting software supports three chief
elements:
• Helps to discover more “good” risks in just half of the time.
• Gives Decision support at the fingertips.
• Provides a flexible view of market conditions.
•H
el ps todi s
cov
erm
or
e“go
od”r
i s
ksi
n j
us
t
How to Automate the Process though?
❑ Enables customers to succeed with simplified applications, which
makes the customer acquisition process easier and faster.
❑ Subsides application processingand quote switchover times.
❑ Enhances the proficiency and productivity of the insurance
underwriting staff.
❑ Improves the capability of underwriting managers to shape
policies.
❑ Also, it helps to change the underwriting rules quickly to reflect
changing business objectives, market conditions, or supervisory
requirements.
Pros of Insurance Underwriting Software
The transformation of the underwriting process with the use of
modern technology is allowing insurance agencies/service providers
to speed up the underwriting process, reduce the chances of errors,
and make the customer acquisition process much simpler as well as
easier.
Conclusion
ABOUT
OUR
COMPANY
AWARDS & ACCOLADES
OUR
Click here to know more:
https://www.minditsystems.com/awards-accolades/
1
3
CUSTOMER HIGHLIGHTS
Some of our esteemed clients
OUR
CLIENT PRESENCE
Cana
da
USA
UK &
Ireland
Jord
an India
Vietna
m
We collaborate closely with people across the
world
OUR
Belgium
CONTACT US
Get In touch to see how we can create common success together!
Web
http://www.minditsystems
.com/
Facebook
http://facebook.com/MindITSystems
Works
Twitter
https://twitter.com/MindITWorks
LinkedIn
https://linkedin.com/company/mind-it-
systems
Email
info@minditsystems.
com
Phone
+1 415 707 0591, +91 987
135 2101

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Want to Respond Faster to Insurance leads? – Switch to Insurance Underwriting Software for Decision Support & Faster Response

  • 2. Right strategies and means can help you move into an ever-profitable situation. Quality customer acquisition service is one of such ways which is regarded as the key factor to business success. Specifically, for the insurance industry, customer service acquisition comes as the topmost criterion. However, managing the customer acquisition process has always been a troublesome job for an underwriter, working in an insurance agency.
  • 3. Critical Issues an Underwriter faces in an Insurance Agency?
  • 4. ❑ Risk estimation before writing an insurance policy. ❑ Difficulty in making decisions on whether to give insurance coverage to an individual or not. ❑ Determining the risk coverage to be provided and the premium price. ❑ Examining the actuarial tables given by the actuaries. ❑ The chances of having to pay future claims. Critical Issues at a Glance:
  • 5. Switch to insuranceunderwriting software. These could be custom- developed software solutions to simplify the decision-making task of the underwriter. The automated underwriting software supports three chief elements: • Helps to discover more “good” risks in just half of the time. • Gives Decision support at the fingertips. • Provides a flexible view of market conditions. •H el ps todi s cov erm or e“go od”r i s ksi n j us t How to Automate the Process though?
  • 6. ❑ Enables customers to succeed with simplified applications, which makes the customer acquisition process easier and faster. ❑ Subsides application processingand quote switchover times. ❑ Enhances the proficiency and productivity of the insurance underwriting staff. ❑ Improves the capability of underwriting managers to shape policies. ❑ Also, it helps to change the underwriting rules quickly to reflect changing business objectives, market conditions, or supervisory requirements. Pros of Insurance Underwriting Software
  • 7. The transformation of the underwriting process with the use of modern technology is allowing insurance agencies/service providers to speed up the underwriting process, reduce the chances of errors, and make the customer acquisition process much simpler as well as easier. Conclusion
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