Underwriting Submissions Way Up?

Some Advisen underwriting clients are reporting that submissions are 4 times higher than the same period a year ago. Advisen addresses this increased underwriter workload issue in 2 ways. First, we build Custom Underwriting Work Ups that harness our dataset of exposure elements on 13,000,000 insureds. Second, our Web Services Integration capacity connects our data directly to your proprietary underwriting system. Read here for more details.

As insurance buyers review their insurance coverage and their exposure to specific carriers, they are re-marketing their programs. That means the rate of submissions is going up and many underwriters simply have much more work to do. Is the underwriter more likely to miss a critical exposure which - in less harried times - might have produced a higher quote or declination?

Advisen offers two distinct ways to make increased underwriting work more manageable and more efficient.

• Custom Underwriting Work Ups
• Web Services Integration

To learn more about how Advisen can help streamline your underwriting process, contact your Advisen rep at [email protected].

• CUSTOM UNDERWRITING WORK UPS

  For underwriting departments, Advisen builds proprietary templates that both harness our dataset of exposure details on 13,000,000 insureds and display in accordance with your underwriting analysis & process. Review and respond to more submissions while maintaining underwriting quality and integrity.

  Increased content: Your underwriting work up pulls from Advisen's proprietary databases and also all of our general business databases.

  Reduced data collection time: Your underwriting submission template pre-populates with data. The data gathering process is drastically reduced as we pull data from multiple sources and electronically assemble it in your customized format. This is a big time-saver for underwriters.

  Override-able & Update-able: An underwriter can easily update our data or add additional info or comment at any step. Also, attach other docs here, such as a news article, a third-party report, etc.

  Structured data: We turn inputted fields and exposure elements into structured retrievable fields for reporting and analyzing purposes.

  Consistency: Every underwriter using your Advisen work up follows the same process which nicely impacts underwriting efficiency and quality. Also, training time for new underwriters is shortened.

  Documentation: Advisen work ups automatically create electronic documentation to help with claims, auditing and renewals.

• WEB SERVICE INTEGRATION

  Underwriters save time and increase accuracy by accepting Advisen data via internal feeds or from retrieval ftp sites. By electronically delivering this data straight into your internal system, Advisen speeds underwriting efficiency and reduces multiple entries of manual data.

  Via our Web Services Integration, underwriters have the ability to query our database of 13,000,000 companies. When a specific insured is selected, your internal system automatically ingests our relevant Advisen data.

  Eliminate duplicates of insureds in your system: The 13,000,000 insureds that comprise our AMF (Advisen Master File) records are pre-screened and de-duped on our side.

  Eliminate re-keying of insured info: When you identify the specific entity, we flow our demographic and business data, eg address, phone, revenues, etc. electronically into your system.

  Increase data accuracy in your system: Advisen Web Services Integration certainly reduced the human error factor.

  In the quest for speed, underwriters may input only the required minimum or mistype data; Advisen's Web Service Integration changes this paradigm by reducing the human factor. Underwriting submission review time is maximized; data input time is decreased.

  To learn more about how Advisen can help streamline your underwriting process, contact your Advisen rep at [email protected].