A complete underwriting submission helps an underwriter quickly and efficiently log new business, streamline processing and avoid delays. (Photo: GaudiLab/Shutterstock)
Last year may be in the rearview mirror, but the hard market conditions we experienced in 2020 are far from over. This year, with insurance buyers looking at 20% to 50% increases in premiums and carriers reducing their writing capacity and coverage, underwriters will be more selective as they review submissions, creating challenges for agents and brokers. This makes it a great time for insurance professionals to review new business and renewal processes to ensure that only full and complete submissions are being sent to the carrier and wholesaler.
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