Getting It Straight
The benefits of straight-through processing in policy administration systems include greater efficiencies and lower costs. Implementing it, however, presents some challenges. Here are 12 best practices to help ensure success.
P&C carriers facing challenges to profitability recognize that cutting costs and streamlining operations and technology are essential steps for succeeding in today's insurance marketplace. A key area of focus is policy sales and administration, where multiple systems and "silos" typically provide limited connectivity and require time-consuming manual intervention.
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