In the ever-evolving homeowners insurance landscape, achieving underwriting excellence is more challenging — and more critical — than ever. CoreLogic’s newly refreshed Underwriting Inspection Workflow Optimization Maturity Model offers carriers a strategic, AI-driven framework to modernize their inspection processes, enhance profitability, and elevate customer experiences.
Why This Matters
- Rising Challenges: Inflation and weather-related losses led to a 104.8 combined ratio for insurers in 2023. Optimizing inspection workflows can help carriers cut non-catastrophic loss ratios and regain profitability.
- Changing Expectations: Policyholders demand seamless, transparent interactions. Agents need digital tools to streamline processes and foster collaboration. Success means being able to support all sets of expectations.
Key Takeaways From the Model
- Optimize Resources: Use AI, aerial imagery, and DIY surveys to improve inspection efficiency, reduce costs, and maximize actionable insights.
- Integrate Workflows: Build end-to-end platforms that unify underwriting and claims processes for better decision-making and faster results.
- Enhance Experiences: Leverage automation and digital collaboration tools to meet the needs of underwriters, agents, and policyholders alike.
Your Path to Level 4 Maturity
This roadmap is your guide to achieving strategic transformation and thriving in today’s competitive insurance market.
Download the whitepaper to discover how CoreLogic’s framework can help you modernize your inspection workflows and drive measurable results.
Written by: JJ Jagannathan