What should underwriters stop spending time on as underwriting automation advances?
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Underwriting has never been short on information. The challenge is getting the right information in front of the right person at the right time.
A submission can involve multiple documents, supporting evidence, policy records, and underwriting guidelines, all of which need to be reviewed before a decision can be made. For underwriters, a significant part of the working day can therefore go into finding, validating, and organizing information rather than actually evaluating risk.
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