Complex simply doesn’t cover it. The insurance market is more challenging than ever. The continued soft commercial lines market, the dominance of aggregators in personal lines, changing models of distribution, pricing and underwriting: they all contribute to an atmosphere of intense competition and elusive opportunity. Underwriting agents (UAs) have been at the forefront of this new competition, building up fast, responsive businesses that can fill the gaps left by those who are less agile.
No one understands the opportunities in the market like UAs, but competition doesn’t stand still and as new entrants compete with incumbents for the available business more pressure is put on margins. Being able to reduce your focus on IT allows you to get new products to market across multiple channels, reduce costs and improve the customer experience.
To achieve this, UAs need to integrate seamlessly with brokers and deploy products faster than the industry norm to keep that competitive edge. Those UAs offering specialist knowledge and expertise also need a flexible system capable of administering unique products, straight-through processing and delivering portal-based self-service to brokers.
In this complex environment where standing out from the crowd is more important than ever, you need insurance solutions that have been specifically designed to deliver innovation. SSP’s in-depth understanding of the insurance market, combined with innovative insurance solutions will help you enhance every area of your business and keep you ahead of the competition.
Regardless of where you are on your journey, or the size of your business, SSP has a solution to help you achieve your objectives.