Chicago — INN joined industry experts in Chicago on Dec. 11, 2008, for Celent’s “Best Practices in Leveraging Bureau-Based Content” roundtable event to discuss the current state of play in using bureau-based administrative forms and figure out how companies can best balance the efficiencies gained through use of standardized content.

Most carriers are overrun with variations of the administrative forms required to sell and service their products, according to Celent’s September 2008 report, “Challenges in Leveraging Bureau-Based Content.” This, according to Celent, increases the analytical challenges placed on pricing and underwriting, makes marketing the company’s value more difficult and drives up administrative costs. The firm’s experience and results from a carrier panel served to highlight these problems.

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