The B2B underwriter is a powerful and very effective internet solution in the world of finance, most particularly in the world of insurance. Data entry, the filling of forms, the printing and distribution of policy documents and the correcting of errors have ceased to pose problems since the appearance of this comprehensive online solution.

The B2B underwriter solution is very effective in connecting insurance companies with brokers and customers, allowing more complex business to be handled without any added pressure. Underwriting was previously a major problem for insurance companies because the underwriting process took the same amount of time and effort from the underwriters, regardless of the size or nature of the loss. The time necessary to complete the underwriting process led to issues of cost and productivity. However, at that moment the underwriting process could not yet be automated for lack of a set of general rules and exceptions. As soon as that the rules and exceptions were set, automation became possible for the first time and it resulted in this very effective solution.

With the help of B2B underwriting, more than half of the time and effort consuming problems has vanished. All the information that is necessary to the customer is available on the internet; the forms and the insurance policies can be printed with a click of the mouse, errors are much easier to sort out and the duration of filling a form has reduced considerably. B2B underwriting meant the end of the cost and productivity issues from underwriting insurance. Given that the B2B underwriting services are available to brokers that handle mid-market commercial insurance, any combination of risk is made possible.

Combinations can involve any risk from credit guarantee to commercial property, burglary to liability in negligence, and many more. The B2B underwriting solution not only meant time given back to the underwriter to concentrate on complex risks, but it also meant bringing the insurance company closer to the consumer, allowing for a more intimate and hence more productive relationship. Constant contact between insurance companies, brokers and consumers is no longer a problem and this means that any problem can be solved faster and easier. This clever internet solution can ask questions related to the occupation of the customer, the type of industry that he or she is involved in, and the type of insurance that he or she is interested in.

The system can even decide at what rate to insure risk or it can decide to not insure risk at all. Above this level the underwriters do need to be involved, but the process is a lot shorter in duration and the brokers can finalize any insurance from their office. B2B underwriting has freed up precious time for the underwriters that can now concentrate on complex risks where their expertise is truly valuable. The B2B underwriter also means less time spent by the customer to complete the paper work for his or her insurance files, affording immense benefits on both sides of the insurance relationship.