A Brief Introduction to Insurance Underwriting and Information Advantage

6 Pages Posted: 15 May 2012

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Paul Delbridge

Independent

Date Written: May 14, 2012

Abstract

Many insurers have undertaken efficiency initiatives for various corporate functions over the years, including rules-based claims systems to control "claims leakage," finance transformation, IT and business process outsourcing, and others. Given the current challenging insurance market (e.g., soft rates, flat-to-declining nominal exposure bases, low interest rates/investment income, etc.) insurers are now starting to examine the underwriting function for opportunities to enhance underwriting decisions and gain efficiencies. PwC research has found that insurers that are able to consistently leverage a broad range of underwriting information could develop an "information advantage" over their competitors, and thus should be at the forefront of the industry when the underwriting cycle changes. This paper profiles underwriting information advantage capabilities by way of two case-based examples.

Keywords: insurance underwriting, information, information advantage

JEL Classification: D81, G22

Suggested Citation

Calandro, Jr., Joseph and Delbridge, Paul, A Brief Introduction to Insurance Underwriting and Information Advantage (May 14, 2012). Available at SSRN: https://ssrn.com/abstract=2058234 or http://dx.doi.org/10.2139/ssrn.2058234

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

Paul Delbridge

Independent ( email )

No Address Available

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