Speed-to-market and flexibility are common phrases heard when insurance carriers discuss the end of their legacy systems and the beginning of a modern insurance platform.
“Eliminating redundancies and improving our accuracy and efficiency are important in order to be competitive,” says Tim Sunderman, divisional assistant vice president for Great American Insurance Co. “We have to write the right risk at the right price and we have to manage our expenses appropriately.”
The division that Sunderman works in for Great American specializes in home builders' coverage throughout the United States and Canada. Such lines tend to be high volume and generate low premiums.
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