Updating policy language across multiple lines can be more challenging than conducting a symphony orchestra. But, you can harmonise your forms and create new policies quickly by becoming the conductor of your company’s forms development process.
You need an InsurTech solution to help you get your forms in sync and ensure they all have the right language.
With Mozart Form Composer™, you can easily research, create, and edit policy wordings, helping you gain efficiencies in time to market for both new products and critical coverage updates.
Learn how Southern Farm Bureau uses Mozart to improve its form development process across several states. With Mozart, Southern Farm Bureau has been able to increase their efficiency and reduce the time it takes to update and file a form by weeks.
Having all of our forms and ISO forms in one place makes it easier to develop new forms or a new line of business. We are able to issue policies quickly, accurately, and efficiently. Mozart makes the coordination process much easier and has been a most helpful workflow tool.
- Cheri Stribling
- Underwriting and Project Development Manager, Southern Farm Bureau Casualty Insurance Company
Creating and updating policy language in the London Insurance Market can be challenging. London insurers write such a diverse range of insurance and reinsurance policies across many different lines of business and geographies that it can be difficult to ensure policy language is up to date and consistent.
A Novarica Research Partners Program™ report on conversations with CIOs for large and midsized insurers found that querying multiple databases during forms development can be a significant drain on resources and delay speed to market.
To address these challenges, a number of product developers have requested improved forms management, including better tools for searching for and updating forms.
Are you worried that your policy forms may be inconsistent or outdated? Are you frustrated when you try to find and update forms, or get new products out the door? If so, you may be suffering from wording leakage.