Improving Workers Compensation and GL Underwriting with Underwriting Link

This post is part of a series sponsored by Selectsys.

In the complex world of Workers' Compensation and General Liability (GL) insurance, underwriters are faced with the challenge of managing disparate company systems while ensuring compliance and maintaining operational efficiency. To overcome these challenges, Selectsys Tech offers Underwriter Link, a robust platform that streamlines the underwriting of Workers' Comp and GL policies by providing seamless connectivity with multiple carriers, allowing underwriters to quote, underwrite, and manage policies more efficiently .

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Key Features of the Workers' Comp and GL Underwriting Link:

1. Central Carrier Access:
   Underwriter Link integrates directly with major carriers through APIs and other technologies, giving underwriters a single platform to access multiple markets. Our current coverage includes:
   Staffing Companies: Casualty Insurance Company, National Fire and Liability Insurance Company, MidSouth Mutual Insurance Company, Authorized and Casualty Insurance Company, PIE Insurance, AmTrust Financial, Employers, Cerity, Guard.
   GL Carriers: Clear Blue Specialty Insurance Company (CBSIC), American Builders Insurance Company, Accredited Specialty Insurance Company, Global Indemnity, LIO Specialty Insurance Company, Crum and Forster, Markel, Nautilus, North East Coverage Solutions, LLOYDS, United National, Imperium Insurance Company.
2. Advanced Data Analytics:
   Use powerful analytics tools to assess risk, compare policy goals, and make informed underwriting decisions with confidence.
3. Automated Policy Management:
   Automate key processes such as policy updates, approvals, and document management, reducing manual workload and improving accuracy.
4. Ensuring Compliance:
   Integrated compliance features help ensure that all underwriting activities comply with regulatory requirements, reducing the risk of non-compliance and related penalties.
5. Customized dashboards:
   The platform's flexible interface allows underwriters to tailor their workflow to suit their unique needs, improving efficiency and user experience.

Benefits of Underwriter Link for Workers' Comp and GL:

• Additional Functionality: Centralized access and automated processes reduce the time and effort required to manage Workers' Comp and GL policies.

• Advanced Risk Assessment: Advanced analytics provide underwriters with deeper insights into risks, improving underwriting quality.

• Enhanced Compliance: Automated checks help underwriters stay compliant with industry regulations.

• Greater flexibility: Customizable dashboards and workflows allow underwriters to adapt the platform to their specific needs.

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Use Case: Optimizing GL Underwriting for Advanced MGA

MGA, the leader in the General Liability insurance market, has struggled to manage multiple company systems, leading to inefficiencies and delays. Using Selectsys Tech's Underwriter interface, they consolidated all of their carrier communications in one place, reducing manual data entry and speeding up their quoting process by 35%. These improvements have enabled MGA to increase its policy issuance rate and improve overall customer satisfaction.

The conclusion

For underwriters in the Workers' Compensation and GL markets, having a streamlined, efficient process is critical to maintaining competitiveness and delivering value to clients. Selectsys Tech Underwriting Link offers a comprehensive solution that improves underwriting efficiency, reduces errors, and ensures compliance.

Want to learn more about how Underwriter Link can transform your Workers' Compensation and GL underwriting practice? Contact us today to schedule a demo or speak with one of our experts!

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