Allied World U.S. has implemented a new renewal underwriting approach for qualifying policies to automate renewal processing for small business, says Allied World Assurance Company Holdings AG. This process is designed to enable the release of renewal quotes and bound policies using the most recent underwriting information provided.
"This new capability represents a strategic investment in our operational platform designed to bring greater efficiency to our producer partners by simplifying and automating the renewal underwriting process,” says Gordon Knight, president of Allied World U.S. “Innovation in product and service continues to be a driving force in our approach to the marketplace. We are constantly looking for new and creative solutions like automated renewal underwriting to help us more effectively service our growing book of business, which is now more than 40,000 customers." The automated renewal process currently is being deployed for Standard Lawyers and (i-bind) Errors and Omissions businesses, says Allied World Co. Holdings AG, adding that Allied World will continue to integrate and launch the automated renewal process for additional products.
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