Posted On: June 14, 2004, 5:59 pm CDT

Posted By: Matt

I doubt that these predictive modeling apps will really work on smaller, less complex commercial accounts. As a person who only works on commercial accounts I know I use the carrier interface system that asks the fewest questions before allowing me to view a premium quote. Many newer carrier systesm routinely force me through a ton of generic UW questions whereas the older systems don't. I don't want to have to sit at a PC and input or answer 20 different questions or get a particular carrier's UW rating info that they are using in their predictive model (which most other carriers won't use) before I get a premium indication, or worse yet actually get all this add'l info and the premium indication is not competitive. Carrier greed will always be the biggest factor in speeding up account approvals not computer systems - a carrier that tursts its agents will always be the fastest versus a carrier that restricts it appointed agents.