Underwriting
Analysis
Our mapping and issue decomposition methodologies provide a foundation to identify, analyze and understand the
underwriting issues that
impact profit and growth and identify improvements that will reduce underwriting
costs per policy.
Operational success requires:
√
a sharply-focused strategy (that reflects market conditions)
√
effective execution of key processes (that add a known
value)
√
a performance-oriented culture (constantly focused on
productivity and business effectiveness)
√
communication that promotes
collaboration across the company
(information exchange with claims and marketing)
Underwriting assessments document existing underwriting strategy, work processes,
and inspection practices for
cost-benefit (including underwriter work distribution and productivity) across line, risk
segment, jurisdiction, and
agent demographics.
Analysis and recommendations are documented in an underwriting vision document
supported by an underwriting components model, workflow diagrams, and analytics.
The result is a unified underwriting framework designed to support business
objectives balanced between growth and profit while maintaining value chain
discipline.
We assess and make recommendations regarding
Automated
Underwriting Rule Sets,
Portfolio Management,
and
Loss Ratio Improvement
Programs.
We facilitate inter-disciplinary "think tanks" between
underwriting, pricing, and claims - resulting in a unified corporate
approach to underwriting profitability.
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