It forces us to ask ourselves whether this data has a benefit as high as the cost of developing the edits and fields. Some company-specific data is gathered simply because it has always been gathered. Doing a cost-benefit analysis brings the underwriters into the loop and makes them put a value on the additional information that companies require of agents. Ideally, in the process, underwriters take a fresh look at their whole underwriting process. She has worked with both Applied and IIA-New York on both of those agendas.
Insurance is the last industry to get into automation.
The year 2000 has given us a push because most agencies will have to upgrade their systems to deal with the change of century. The author Virginia M. Bates has 20 years of experience in managing insurance operations for both a carrier and a large regional agency. She has a background in all property and casualty lines, experience as director of a country-wide underwriting school and direct involvement in many automated systems. She speaks often on the evolving exposures and preventive strategies related to automation and electronic processing and documentation. She is a licensed broker and licensed insurance adviser and conducts the Licensed Insurance Advisers Exam Preparation Course in the state of Massachusetts.