7 Questions to Consider for Commercial Underwriting Success

Underwriting is a pivotal part of the insurance life cycle, but the processes involved are often outdated and heavily manual. Insurers, especially those dealing with complicated commercial lines of business, should invest in modernizing their underwriting function to improve efficiency, optimize risk assessment, and ensure more standardized decisions are made.

When it comes to modernizing the processes and capabilities powering their underwriting workflow, insurers should ask themselves 7 key questions.

This infographic highlights the 7 questions insurers should consider when identifying what type of digital underwriting solution will best serve their organization, including questions about:

• The amount of data sources leveraged in the current process
• How rapidly new data sources can be added to the process
• How long effective onboarding for new underwriters takes