{"id":2139,"date":"2024-03-01T11:23:22","date_gmt":"2024-03-01T11:23:22","guid":{"rendered":"https:\/\/dev.opendesignsin.com\/insillion\/?p=2139"},"modified":"2026-02-02T06:02:42","modified_gmt":"2026-02-02T06:02:42","slug":"insillion-underwriter-workbench-efficiency","status":"publish","type":"post","link":"https:\/\/dev.opendesignsin.com\/insillion\/news\/insillion-underwriter-workbench-efficiency","title":{"rendered":"INSILLION featured in Datos Insights P\/C Commercial Underwriting Workbench Report 2024"},"content":{"rendered":"

P&C Underwriting Workbenches<\/span><\/b>\u00a0<\/span><\/h2>\n

Underwriting\u00a0remains\u00a0central to insurance, but\u00a0it's\u00a0being reshaped by AI, predictive analytics, and advanced data technologies. These tools are not just improving underwriting\u00a0efficiency,\u00a0they're\u00a0redefining how insurers compete.<\/span>\u00a0<\/span><\/p>\n

Forward-looking\u00a0insurers\u00a0are using technology to speed up processes, unlock data-driven insights, launch new products faster, and deliver more connected, automated experiences for underwriters, brokers, and customers. This creates clear advantages in efficiency, agility, and market expansion.<\/span>\u00a0<\/span><\/p>\n

To stay competitive, leading\u00a0P&C insurers\u00a0are adopting underwriting workbenches. An underwriting workbench is a digital platform that supports the end-to-end underwriting workflow, drives effective\u00a0collaboration,\u00a0and\u00a0helps insurers\u00a0with\u00a0real-time policy issuance.<\/span>\u00a0<\/span><\/p>\n

Why is the underwriting process currently so burdensome? <\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/h2>\n

Underwriting continues to be one of the most resource-intensive functions in P&C insurance. According to\u00a0<\/span>Accenture<\/span><\/b><\/a>, underwriters spend up to 40% of their time on administrative and non-core tasks, while<\/span>\u00a0<\/span><\/b>McKinsey<\/span><\/b><\/a>\u00a0<\/span><\/b>reports that cost performance in P&C insurance has\u00a0remained\u00a0largely flat\u00a0for over 15 years.\u00a0<\/span>\u00a0<\/span><\/p>\n

Underwriters today are often forced to work across multiple disconnected legacy systems, re-entering the same data in\u00a0different places. Inconsistent data intake, manual workflows, and siloed information result in high error rates, slow quote turnaround times, and poor visibility across programs.\u00a0Even with all this time spent\u00a0validating\u00a0data, a\u00a0<\/span>Harvard Business Review<\/span><\/b><\/a>\u00a0study\u00a0found that 97% of companies are using data that\u00a0didn't\u00a0meet their own data standards.\u00a0Misalignment between business and technology teams\u2014and dependence on rigid, code-heavy systems further limits insurers' ability to develop and iterate products quickly enough to meet changing market needs.<\/span>\u00a0<\/span><\/p>\n

Product development is another major constraint.<\/span>\u00a0<\/span><\/b>Deloitte<\/span><\/b><\/a>\u00a0reports that insurers typically take 12\u201318 months\u00a0to launch a new product and 3\u20136 months to update existing coverage, severely limiting time-to-market and profitability.<\/span>\u00a0<\/span><\/p>\n

Legacy policy administration systems and code-heavy architectures also restrict collaboration between business and technology teams. Product rules, workflows, and pricing logic are tightly coupled to complex code, making fast, iterative development difficult.\u00a0<\/span>\u00a0<\/span><\/p>\n

As climate volatility\u00a0and emerging risks reshape the market,\u00a0P&C\u00a0insurers\u00a0are increasingly recognizing the need to modernize underwriting operations.\u00a0Underwriters spend excessive time on low-value administrative tasks, while clients face delays.\u00a0Not surprisingly,\u00a0Deloitte<\/a>\u00a0reports that 68% of insurers are prioritizing technology investments specifically to improve customer experience.\u00a0
\n<\/span><\/p>\n

P&C Underwriting Workbench Report<\/h2>\n

P&C Underwriting workbenches are essential for consolidating interfaces and workspaces into a unified view, enhancing underwriter productivity. The INSILLION Underwriter Workbench simplifies underwriting operations, allowing underwriters to independently set up and modify products while managing rate tables and master data with ease.<\/p>\n

Recognized for its innovation, INSILLION has been featured in Datos Insights' 2024 report on P&C Commercial Underwriting Workbenches<\/a>. This report, published by a leading business consulting firm, highlights the key features and differentiators of INSILLION's solution alongside 14 other industry-leading platforms.<\/p>\n

Looking Ahead<\/span><\/b>\u00a0<\/span><\/h2>\n

As insurers expect\u00a0<\/span>AI adoption<\/span><\/a>\u00a0in underwriting to rise from 14% today to\u00a0nearly 70%\u00a0over the next three years, platforms that combine automation, data intelligence, and flexibility will play\u00a0a central role\u00a0in shaping the future of underwriting.\u00a0Insillion's\u00a0recognition in the Datos Insights report underscores the growing importance of modern underwriting workbenches in helping P&C carriers improve productivity, reduce costs, and respond faster to market change.\u00a0Insillion's\u00a0no-code platform enables P&C insurers to take complete control of the development of\u00a0an end-to-end\u00a0digital underwriting and policy administration\u00a0system.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Recognized for its innovation, INSILLION has been featured in Datos Insights’ 2024 report on P&C Commercial Underwriting Workbenches<\/p>\n","protected":false},"author":1,"featured_media":2832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[25],"class_list":["post-2139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-debitis"],"acf":{"event_date":null,"author_name":"Team Insillion","author_image":{"ID":3134,"id":3134,"title":"","filename":"Favicon-2.png","filesize":7655,"url":"https:\/\/dev.opendesignsin.com\/insillion\/wp-content\/uploads\/2025\/07\/Favicon-2.png","link":"https:\/\/dev.opendesignsin.com\/insillion\/blog\/digital-insurance-mga\/attachment\/favicon-2-2","alt":"Insillion Favicon","author":"1","description":"","caption":"","name":"favicon-2-2","status":"inherit","uploaded_to":3170,"date":"2025-07-31 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