The process of underwriting for auto insurance policies involves many steps, accounting for a number of risk variables. The vehicle specifications are just one piece to consider when assessing risk. Some others include client demographics, geography, and driving history to name a few.
As the variety of available vehicle safety equipment continues to increase, so does their effect on insurance risk ratings. With the large number of tasks at hand, it’s important that underwriters utilize resources that can save them time and increase process accuracy.Read More