Is the traditional, manual underwriting process slowing you down?
Listen on demand to a webcast exploring a faster, more efficient way to get small businesses the coverage they need using a two-step underwriting process:
- Eligibility screening based on accurate classification: Ensure a strong foundation for your policies with precise North American Industry Classification System (NAICS) codes. We'll discuss the importance of accurate codes in setting the foundation for profitable underwriting and how to efficiently obtain them, even with limited information.
- Risk assessment using advanced data and analytics: Move beyond lengthy applications with advanced models that assess risk based on employee data, revenue, and payroll. We'll also explore how text and image analysis can leverage online and social media sources for a more complete picture.
Don't miss this opportunity to learn how you can transform your small business insurance underwriting process and start experiencing:
- Faster turnaround times: Get quotes to your clients quickly with a streamlined process that minimizes the need for supplemental applications.
- Improved risk selection: Make informed decisions with a deeper understanding of a business's true risk profile.
- Enhanced customer experience: Minimize friction with a smooth quoting process.
Presentation date:
Tuesday, June 11th, 2024
Speakers:
Gavin Mills ARM, CPCU
Customer Relationship Manager
Underwriting Solutions, Verisk
Phuong Pham
Jr. Product Manager
Underwriting Solutions, Verisk