William Harnett // December 16, 2024
(Image credit: Shutterstock.)
“Brokers are constantly evaluating underwriters,” insurance veteran Tony Tarquini said at a recent event. As a digital transformation expert, I’ve increasingly witnessed the broker-underwriter partnership being tested. In the market these days, underwriters are pressed for higher quote volumes while needing to stay focused on quality risk selection, and brokers are pushing for faster turnaround times. With the staggering amount of data available to analyze, is it fair to expect underwriters to produce fast and accurate quotes using legacy systems?
In a fiercely competitive market, both underwriting delays and