Submission Prioritization enables carriers to automatically identify and prioritize the most profitable business to write first based on projected profitability, the probability to bind, broker experience, line of business, acceptability of risk in accordance with company guidelines, etc. By prioritizing the applications and identifying the application type you can focus on the right business line first. Based on industry averages, the first to respond typically wins the business 56% of the time.
- Increase gross written premium and better control of loss ratio
- Enables you to focus effort and energy on the core business line
- Focus on the most profitable applications first
- Win more business without adding staff