Deploying a mix of lead and follow, manual and automated underwriting strategies known as a Multiple Approach to Underwriting (MAU) has brought its own complexities and inefficiencies that many organisations are living with. Organisations need to recognise the opportunities presented by MAU and optimise the benefits from working this way. This can be complex, but the good news is that support is on the horizon.
Data and technology have opened the door to game-changing improvements in the way business can and should be written in London. Now the market must walk through it.
Affordable, accessible end-to-end technology is critical for smaller brokers to compete in a rapidly digitising and increasingly data-driven marketplace.