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Several issues plagued the current insurance industry landscape. On the one hand, insurers have to contend with strict laws and fierce competition. They struggle with shrinking operational margins‌. Customers’ rising expectations for top-notch services make navigating the market even more difficult. Operating in such a setting is challenging, and you will need more than just...

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The insurance sector, for the past several years, has been seeing several changes across industries. Especially in a recent couple of years, most insurance lines have been in flux due to several reasons. Insuretech, data-driven operations, new entrants disrupting the industry and increasing competition, and the ever-changing and growing customer demands are a few factors...

Insurance Underwriting

Insurance Underwriting excellence is paramount for insurance companies to enhance overall business performance. Moreover, reviewing how you can establish an alignment or a superb synchronization between insurance underwriting and policy administration processes is necessary. However, underwriting improvements somehow depend upon your company’s culture and needs. For example, some insurance companies would shift their resources from...

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