Strategy Meets Action (SMA), a research and consultancy firm serving the insurance industry, has released a new report concerning underwriting practices in the industry. The report, “Underwriting Automation: Insurer Plans and Trends,” notes that insurance companies are making a move to completely automate their underwriting process. The report draws upon data collected by SMA from 144 insurance professionals throughout the industry. This trend may be a result of insurers being unable to meet underwriting goals due to flaws in their systems. Of those participating in the survey, 21% claimed that…
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Insurance agents and carriers bring their mobiles with them everywhere
A study conducted by FirstBest Systems, Inc. has shown that the majority of insurance agents and carriers either want or already use a tablet computer, and that virtually all of them have a minimum of one smartphone, and that they all want to have convenient information access, to be able to be able to perform tasks of a time sensitive nature quickly and easily, and to offer superior service no matter where they are or what time it is. FirstBest performed the Mobile Technology for Insurance Survey while taking part…
Read MoreHigh praise for mobile capabilities added to the FirstBest Front Office Suite for insurance carriers
Insurance software solutions provider, FirstBest Systems, Inc., which provides products for the MGAs and MGUs specialty and commercial-lines insurance carriers, has revealed the latest additions to its Front Office Suite of insurance applications, which will now include mobile commerce capabilities. This new functionality will permit the insurance workforce to take advantage of a wider range of solutions for underwriting and collaborative business challenges using mobile devices that are increasingly becoming standard in the industry. The mobile capability is entirely integrated with the agent portal applications and underwriting workstations through FirstBest,…
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