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OIP news

underwriting compliance risk

Most underwriting teams don’t believe they have a compliance problem. Files are reviewed. Policies get issued. Audits usually pass. When issues appear, they feel minor

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Insurance teams love speed, but that’s not the only metric that matters. Turnaround time is one of the most important matters in underwriting, especially when

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Most specialty insurance teams appear strong, with volume manageable. Underwriters know every broker, their email address, and how fast they reply. Everything feels under control.

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delegated authority

Many MGAs treat delegated authority as a commercial milestone. Once they sign the contract and put the binder in place, they assume the hardest part

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underwriting backlogs

When underwriting backlogs appear, the default response is almost always the same: hire more people. More underwriters, assistants, and temporary support to “get through the

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Underwriting teams track the average handling time for each task and the number of submissions they process each month, but very few MGAs track the

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