What are the challenges carriers are facing today?
- Increasing expenses
- Labor shortages
- Inflation and other market pressures
How are they affecting the property insurance underwriting process?
- Adding time
- Increasing expenses
Given these factors, what can carriers do?
- Optimize existing underwriting resources
- Leverage advanced data analytics tools to automate workflows that accurately and quickly identify property risks
- Become an innovate carrier, to better manage risks and quickly move forward on the path toward profitability