San Francisco, CA, USA
October 29, 2007Automating
Commercial Underwriting: Overview, Best Practices, and Case Studies
Report Published by Celent
Celent looks at how commercial lines insurers are
benefiting from automating the underwriting process.
In a new report, Automating Commercial
Underwriting: Overview, Best Practices, and Case Studies, Celent
examines what underwriting automation means in commercial lines, how
insurers are doing it, and what benefits they are receiving. These
benefits include the four financial elements of a business case:
underwriting operational expenses, premium revenue, losses, and IT
expenses.
“The past ten years have
seen a large degree of automation in the underwriting process for personal
automobile and homeowners insurance. There has been substantially less
automation of the commercial lines underwriting process,” said Donald
Light, senior analyst and author of the report. “However, much of
the same technology pioneered on the personal lines side is now being
introduced into the commercial market.”
The 25-page report contains
ten figures and one table. A table of
contents is available online.
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