Today’s underwriting departments are being asked to do more
with less staff-- and now the need to be both cost-effective and
risk astute must mesh with the need for expediency and improved customer
service. PDC’s Outsourced/Remote Underwriting division
is the ideal solution for any company faced with this perplexing
According to the results of PDC’s 2006-2007 Remote Underwriting
Study and Swiss Re’s 2006 Survey on Remote Underwriting, the
primary reasons that companies are now using remote underwriters
include: enhancing productivity through staff augmentation, offsetting
the loss of experienced personnel to retirement/attrition, and overcoming
relocation problems when attempting to attract personnel.
PDC’s team of experienced underwriters is ready to assist your
underwriting and/or claims departments with a variety of support
services that will provide numerous benefits:
- Flexible staffing
resources allow underwriting and claims departments to ramp-up
during busy times and ramp-down during slower periods.
- Overcome retirement
and staff attrition problems by accessing a wide range of underwriting
experience levels (without regard to location) from lower limit,
speed issue underwriters to former department heads and chief underwriters
with issue limits ranging from multi-million to unlimited.
underwriters are motivated to prove themselves in this environment and
they can be more productive because they are interrupted less with
meetings and office distractions.
- Significant amounts
of “off-hours” underwriting is performed during weekends
and early/late hours keeping productivity levels high and cases
APS Summary work is a cost effective alternative to inundating
high value underwriting staff with laborious reading, deciphering,
and data acquisition and organization work.
- Reinsurers agree
that remote underwriting is a positive trend—and many are using
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