Underwriting
Achieve massive time and cost savings
Accuracy is paramount when it comes to underwriting. But the time it can take some insurers to provide an accurate policy quote can damage relationships with prospective customers before they’ve even truly begun. Take too long, and customers may become frustrated and go elsewhere for a faster – and potentially more competitive – quote.
Pitney Bowes Software solutions can help to resolve this. By empowering real-time communications between insurers and underwriters, you can agree on a highly accurate policy price rapidly, using standard templates to dramatically speed up the data entry process.
With pre-agreed ‘Bordereau’ terms for policy volumes, acceptable risk and a range of other factors, underwriting becomes an almost entirely automated process – delivering massive time and cost savings on both sides.
As well as speeding the underwriting process, Pitney Bowes Software solutions improve reporting on policy volumes, type and risk. That means it’s far easier to achieve compliance with key regulatory controls.