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XCH692020CS5 - Automating Underwriting for Small Commercial


Jun 9, 2020 2:45pm ‐ Jun 9, 2020 3:15pm


Credits: None available.

Standard: $30.00
Members: $15.00

Description

More small and medium-sized businesses are starting every year, and they’re increasingly buying insurance online. There are tough trade-offs between profitability, growth, and customer experience. Manual underwriting processes can maximize profitability and growth but result in slow turnaround times. Straight through underwriting processes can maximize customer service but can lead to potential adverse selection. Target market segmentation can maximize customer service and profitability but limits growth potential. This session will exhibit how can insurers bridge this gap and expand the insurers' risk appetite, while enabling a better experience for business owners.

Field of Study: Information Technology
Delivery Method: QAS-Self Study
Program Level: Basic
Prerequisites: None
Advanced Preparation: None

Following the purchase of this content, return here and click the session title to view the video and access materials. NASBA Requirement: In order to receive CPE credit for this session, you must watch the video in its entirety. You will not be able to access the post-test until the completion of the video. Access the test and survey on the CE Information Tab.

Note Regarding Audio: Brief loss of audio during transitions between moderator and speaker are from the live event. Please wait and audio will resume.  Critical content will not be missed.

Learning Objectives:
  • Understand the unique challenges and risks small- and medium-sized business face as they apply to insurance
  • See what real-time automated risk differentiation and triage looks like
  • Learn how data listening can significantly improve pricing and underwriting for and marketing to SMB

Speaker(s):

Credits

  • 0.50 - Information Technology

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