Tag: Underwriting Efficiency
Inside the growing challenge of complex underwriting rules
The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.
Mastering the underwriting process: How to avoid common pitfalls
In the high-pressure world of insurance underwriting, falling into autopilot is an easy yet dangerous trap. This risk is heightened when underwriters face a continuous stream of similar accounts, leading to quick decision-making that might overlook critical details.
Unlocking insurer success: The power of data integration with hx Renew
In the evolving landscape of insurance, the adage "knowledge is power" has never been more pertinent. This is especially true in an era where data acts as the lifeblood of decision-making processes.
Optalitix unveils game-changing enhancements for Insurers’ underwriting performance
Optalitix, an InsurTech known for its innovative underwriting and pricing model software solutions, has launched significant enhancements to its Optalitix Models and Optalitix Quote products.
AI-powered business data integration by Cytora and Veridion transforms insurance industry
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Veridion, a specialist in AI-powered business data and market intelligence. This collaboration aims to bring a new level of efficiency and insight to the insurance market.
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