"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.
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