Underwriting leaders at commercial carriers carefully monitor their portfolios and constantly define necessary adjustments to their underwriting strategies (e.g., re-balancing the product mix for some classes of risks, growing specific industry segments). That’s the relatively easy part. Translating and communicating high-level directions for ‘front line’ underwriters (i.e., underwriters assessing risks on individual accounts) to follow is typically where execution breaks down. Carriers with scale relying on large and decentralized networks of underwriters are even more exposed to this common execution challenge.

Related: Creating an underwriting information advantage through cross-functional efficiency

Dig Deeper



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.