Question

How do insurance companies reduce the processing time for underwriting?

a.

By increasing the number of underwriters

b.

By outsourcing the underwriting process

c.

By using automated rules-engine or "green channel" underwriting for certain cases

d.

By reducing the number of documents required for the underwriting process

Answer: (c).By using automated rules-engine or "green channel" underwriting for certain cases Explanation:Insurance companies reduce the processing time for underwriting by using automated rules-engine or "green channel" underwriting for certain cases.

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Q. How do insurance companies reduce the processing time for underwriting?

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