Don't take shortcuts in underwriting process; incomplete application information can cause major problems down the line for producers, carriers and clients

Article Abstract:

Underwriters should make sure that they convey all the information gathered about a client to their insurance companies to prevent major problems from occurring. Inaccurate or incomplete underwriting information submitted to insurance carriers can be prevented by recording a client's full answer to nonmedical and application questions. It is important that underwriters read these questions exactly as they are written, and they should not make judgments about what information should be submitted to their carriers.

Management, Insurance agents

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Reach out and underwrite somebody

Article Abstract:

Teleunderwriting presents advantages and opportunities for insurance companies. It facilitates the application process which enables producers to focus on other key business concerns. It allows insurance companies to obtain better information and use this information to make underwriting decisions related to risk selection. Teleunderwriting also streamlines the underwriting process that gives customers faster and more efficient service.

Insurance industry, Telecommunications systems

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Don't cut the lifeline between home and field: they may not always agree, but by working together, home office and field underwriters can sometimes achieve the impossible

Article Abstract:

The home office underwriting staff and the field underwriters must work well together in order to obtain excellent underwriting for the customer. The field underwriters speak with the customer and find out their needs while the home office underwriter conducts the assessment. Both underwriting staffs need each other in order to achieve the maximum results for their customers.

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