The Accelerated Underwriting Playbook: 5 Keys to Automation Success


According to a Celent* over 50% of insurers that have adopted an accelerated underwriting strategy report payback periods of less than a year, with another 25% of insurers either reporting or expecting payback in just two to three years. 


But what exactly is accelerated underwriting, and how does it help insurers expedite time to quote and enhance the customer experience?


Accelerated underwriting empowers insurers to make faster and more

precise underwriting decisions. This means greater efficiency and

higher profits. Automating manual underwriting processes offers a ton

of high-impact benefits, including the ability to:

  • Unify disparate data by providing a single-pane-of-glass view, enabling underwriters to make faster, more informed decisions and reduce turnaround times.
  • Increase profitability by making more consistent decisions, resulting in a better combined ratio and a better quote-to-bind ratio.
  • Improve customer service by increasing speed to quote to win and retain more customers.
  • Promote greater collaboration and improve communication with customers and brokers.
  • Optimize underwriting costs with greater process efficiencies.
  • Eliminate redundant, manual data entry, improving data quality
  • and increasing straight-through processing.
  • Write more business in less time without adding more headcount.


Get The Accelerated Underwriting Playbook to learn about key benefits of accelerated underwriting, the five keys to success, and how to evaluate underwriting automation technology. 


Download the Playbook

*Celent: Unleashing the True Potential of Automated Underwriting

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