Underwriting Opportunities
Most insurers are only moderately proactive in investing in long-term training, new technologies and refinement to pricing models for underwriting, according to a recent survey by Accenture (Chicago). The survey, which included 800 underwriters representing more than 100 primarily U.S.-based companies from the Chartered Property Casualty Underwriters (CPCU) Society, suggests that increased training and use of support tools could provide an opportunity for insurers to improve underwriting.
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