Insurance teams love speed, but that’s not the only metric that matters. Turnaround time is one of the most important matters in underwriting, especially when it comes to quoting and binder issuance. Still, TAT alone doesn’t mean much if the files are inconsistent or inaccurate. MGAs, brokers, and retail agents often focus the most on […]
Most specialty insurance teams appear strong, with volume manageable. Underwriters know every broker, their email address, and how fast they reply. Everything feels under control. Then the volume doubles. Submissions start piling up, quoting takes longer, and before you know it, you can’t keep your head up and don’t know what to prioritize. Turnaround times […]
Underwriting teams track the average handling time for each task and the number of submissions they process each month, but very few MGAs track the rework they must complete. The numbers look great on dashboards, but margins still shrink. Teams still feel overloaded, even though they are meeting their targets and doing their best. Leadership […]
From the moment a new submission enters your system to the final bind, every step of the underwriting process counts. The truth is, most underwriting workflows were never designed to handle the complexity and volume of today’s insurance environment. The systems you work in are from the 90s, the market is still growing, and your […]
Insurance runs on data, but most teams store that data in different tools and systems that don’t integrate. These gaps create data silos, and those silos slow everything down. They erode trust, delay quotes, and make simple tasks feel more difficult than they should be. In 2025, data silos are a leading cause of breakdowns […]
Insurance operations have relied on outsourcing for many years. Business Process Outsourcing (BPO) helped teams scale quickly and cut costs, making it a primary choice for many business strategies. Today, outsourcing alone can’t support the needs of modern insurance teams. The future looks different. It is faster, wiser, and focused on keeping knowledge inside the […]
At the 25th Annual Target Markets Program Administrators Association (TMPAA) Summit in Scottsdale, it was clear that the insurance industry is entering a new era of program business. For many MGAs, carriers, and partners, the biggest challenge with modernizing is rewiring legacy processes to enable operational growth. The idea and mission OIP Insurtech brought to […]
Bottlenecks in underwriting don’t always surface as significant issues. In fact, most of the time, they start appearing as a few extra clicks, a missing document, or a task that sits in someone’s inbox for a few days. Over time, these minor delays add up and slow down the entire operation. Performing a full underwriting […]
When most underwriters think of possible risks in insurance, they refer to unusual claims, shifting exposures, or risk management. Although these could all pose a threat to your operations, a hidden risk that’s silently impacting your business is your legacy system. Specialty underwriters deal with complex risks all the time. Underwriters depend on data and […]
Managing General Agents (MGAs) play a significant role in the insurance world. They act as a bridge between carriers and agents. They take on underwriting, policy management, claims handling, and distribution. Running a managing general agency and its operations is not easy. Costs continue to rise, and the competition is stronger than ever, yet clients […]
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