Underwriting Process

The underwriting process is actually a series of functions as well as a multiple of query processes that have been grouped together onto on window and are all from the perspective of a specific insured.  Once an insured has been selected from the existing database or created as a new entity, the underwriter typically would take the following steps that will eventually lead to binding a policy.

• Submission

• Rating

• Quoting

• Binding

• Policy Issuance

• Invoicing

• Endorsements

• Events Journal

• Renewal Processing

For a complete detailed, printable version of GAAP Solutions Underwriting capabilities, please click here.