Imagine receiving a routine commercial package submission forone proposed insured—except that the loss history includes 12losses over a five-year period, with three carriers and three linesof business per carrier. In the hands of a superstar agent, itcould take several weeks or more to manually collect this losshistory—and even then, your underwriter would have to sift throughreams of paper to try to make sense of it all.

You might throw your hands up and say that manual loss runs area necessary evil. In fact, there's a more efficient and effectiveway of achieving the same result: automated loss runs, enabled by acontributory database.

Automating Loss Runs with a ContributoryDatabase

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.