Insurance Renewal Collection
Insurance renewal collection is a time-consuming, labor-intensive task. The major problem for most risk managers is the administrative burden of assembling spreadsheets and monitoring the collection status. Additionally, information accuracy is critical. Maintaining too much insurance is wasteful, having too little may result in costly penalties and absence of sufficient insurance coverage could be catastrophic.
Efficiently Manage Insurance Collections
- Shorten the time it takes to collect renewal data
- Remove much of the administrative burden of collecting responses
- Provide executive management with detailed reports based on accurate information needed to make sound business decisions
- Improve negotiations with underwriters and brokers
- Reduce the potential for data aggregation errors
- Spend more time on reviewing the data instead of collecting it
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