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Automation is viewed as a growing factor in the underwriting process. More than half (53%) of respondents expect underwriting tasks to become more automated in the coming years. That expectation may be tied to perceptions of the work itself, as 84% of industry leaders described underwriting tasks as somewhat to very tedious.
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[ad_1] Net income rose year-over-year [ad_2] Source link
[ad_1] “We designed IB+ Data Hub to be more than just a repository of information—it’s a strategic resource for professionals who need to stay ahead of the curve,” said Claire Preen, director of intelligence at Insurance Business. “Whether you’re in underwriting, legal, compliance, or executive strategy, this is about enabling action based on real insight.”…
[ad_1] Demand rises as admitted insurers retreat [ad_2] Source link
[ad_1] Loyalty additions are paid as a one-time benefit in some policies in lieu of a simple reversionary bonus (SRB). The main difference is that, unlike the simple reversionary bonus, which becomes a part of the policy benefits as and when it is declared, loyalty additions shall be available to the policyholder only at the time of exit from the…
[ad_1] The real cost for drivers in Colorado’s auto insurance market includes legal system abuses, catastrophic hail damage, impaired driving, and high repair costs, she said. “Colorado ranks 42nd for wildlife crashes, and adding a fee to address that won’t move the needle on what consumers actually pay,” Walker said. [ad_2] Source link
[ad_1] For a personalized premium calculation and detailed benefit illustration of LIC’s Jeevan Labh 736, download the Smart – All In One Calculator Android app. This app provides: ✔ Instant premium calculations based on your age, term, and sum assured ✔ Maturity benefit estimation with bonuses and final addition bonus ✔ Comparison of different policy…
