Travelers Select Accounts has introduced TravelersExpress for Master Pac, a multivariate rating mechanism to agents in Utah, Nevada and Illinois. TravelersExpress is designed to accelerate the decision-making process allowing agents to write more business in less time. It is available initially to agents in Utah, Illinois and Nevada and will be rolled out nationally in 2007.
Using modeling tools, external data, and detailed loss trends by class of business, the system is designed to reduce the amount of underwriter involvement. According to the company, TravelersExpress gives the agent more control over the quote and issue process because it delivers a pinpoint price upfront for each risk submitted that meets Travelers’ eligibility guidelines.
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