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One of the hottest topics at insurtech events and conferences is simplifying commercial lines processes. Commercial carriers are excited to create awareness of new and existing products, but independent insurance agents are often frustrated with complicated submission processes and high rejection rates. Mutual understanding of commercial risk appetite and eligibility is a great place to begin improving commercial lines processes.

To attract more commercial lines business, it's important for staff and distribution partners to know your underwriting appetites and have real-time access to product information. Traditional methods like online portals and PDFs are fast becoming antiquated. They must be replaced with a centralized commercial lines appetite solution that lets you input guidelines once and connect to multiple applications simultaneously.

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Why Real-Time Risk Appetite Is Essential for Your Business

  • Captures more desirable business

    Real-time data allows underwriters to assess risks accurately and adjust to changing conditions, especially in commercial lines where risks can be complex and evolve rapidly.

  • Improves decision-making

    Real-time data provides valuable insights that drive informed decision-making across all business areas, from underwriting to claims management and customer service.

  • Provides a single source of truth

    A centralized commercial lines appetite solution lets you input guidelines once and connect to multiple applications simultaneously, eliminating redundancy and confusion.

  • Supports consistency

    A clear understanding of risk appetite ensures everyone in your organization is on the same page regarding acceptable risk levels, leading to more consistent decision-making.

What the Market Is Saying

  • One source of the truth for all players

    Your agents and your staff don’t have a clear picture of your appetite when it is all over the place. When you manage your appetite and eligibility in one centralized location, everyone is on the same page.

  • Cuts costs and saves time

    Stop wasting time and money connecting to systems and applications that don’t speak to each other. With a centralized appetite solution, you can enter it once and connect to many systems all in one place.

  • Get more of the business you want

    You underwriters may miss good business if they are sifting through submissions that are out of appetite or missing critical data. Providing agents with consistent up-to-date underwriting guidelines supports all parties and gets the best business and best products to the insured.

  • One source of the truth for all players

    Your agents and your staff don’t have a clear picture of your appetite when it is all over the place. When you manage your appetite and eligibility in one centralized location, everyone is on the same page.

Westfield Insurance

Westfield Insurance is focused on reducing friction in their agency experience, creating a seamless way for agents to find appetite and quote within their management systems.

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Ivans is ready to provide your business the advanced insurance software and solutions to digitally distribute and service products in new ways.