X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“I really think that people in the real estate portfolio world for environmental insurance spend half their time battling organization of the submission,” said Michael Gill of Synapse Services. (Photo: Blackboard/Shutterstock)

The insurance industry has faced the most significant digital revolution in the recent decade, completely changing how real estate portfolios are underwritten, bought and sold. In a hardening market, with narrowing carrier appetites, this puts pressure on real estate transactions to be adaptive, competitive, and meaningful with terms and conditions provided. The most significant barrier to meaningful terms and conditions is the ever-constant quality control of submission data between parties.

So, how does the quality control of submission data play such a key role? As Joe Quarantello of Risk Strategies said, “It starts and ends with a good submission.” Submission quality for a risk sets the foundation for a “win,” whether it be a broker to insured, an underwriter to broker, custom-designed technology systems for underwriters and brokers, and so forth.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.