AUTOMATED UNDERWRITINGThe MEM way!

Monica Salmons

Why? Cost Savings

Capacity

Customer Service

Where to Start?Risk Analysis

Volume Analysis

Who to Automate? Eligible Acceptable

• Premium <$5,000• Governing Class Code• Online Applications

• Pass the Q&A for the business description

• E-Mod <1.50• No Schedule Rating • Standard Tier Only• Pass All Other Screening

Quote Process AgentEnters

Submit for

Quote

Quote Offered

Agent Accepts

Policy Issuanc

e

Issue ProcessAgentEnter

s

Submit for Issue

Policy Issue

d

How to Make it Work? Electronic application modificationsScreening rules for both eligibility and

acceptabilityAutomation of quote creation and quote

offerAutomation of policy issuance

Application Entry

Exposure Evaluation

Exposure Evaluation

How to Make it Work? Electronic application modificationsScreening rules for both eligibility and

acceptabilityAutomation of quote creation and quote

offerAutomation of policy issuance

Quality Control

ScreeningNotes to

Underwriters

Post Automation Endorsemen

tsAudits Quality

ChecksSystem

Restraints

Measuring Opportunity

Measuring Success

Evaluating the Automated

Digging Deeper

ResultsCustomer Service

Savings

Capacity Improvement

Questions