FULLY AUTOMATED UNDERWRITING SOFTWARE: A CHECKLIST FOR THE INSURERS
Underwriting is a critical process that is the backbone of insurance companies. Usually, this process is time-consuming and requires more people to complete the tasks on time if it is done manually. With the rapid advancement in technology, insurers prefer an automated system to perform the underwriting task effortlessly. Insurers must ensure that the insurance underwriting system they are trusting for their daily operations must fulfill the business needs and work as per the latest market trends. As the insurance companies have unlimited options available in front of them, they need to be picky while choosing the most suitable one. So, here is the checklist for the insurers to make sure that the system stands up to their expectation and consists of all the tools required to carry out the processes.