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A complete underwriting submission helps an underwriter quickly and efficiently log new business, streamline processing and avoid delays. (Photo: GaudiLab/Shutterstock) 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.

Here are some tips for getting the application/submission process right the first time.

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