2018 was a great year to be Unified! We went through lots of changes last year, but the launch of a new e-App and automated underwriting system is what we’re most excited about. Thanks to our rules-based system that can make an automatic determination on policies, we saw our underwriting time improve to 1.6 days for our Medicare Supplement plans. Given that the industry average is 5.1 days, we’re extremely proud of this number. For all intents and purposes, we exponentially increased our underwriting department efficiency to better service our policyholders and agents – all in just seven short months!
Overall, 40% of the policies submitted were automated by our system. See our infographic for a quick breakdown on these numbers.
As good as 2018 was, we can’t wait to improve even more in 2019! We believe that embracing new technologies is good for the future of insurance and we’re thrilled that we’re already seeing the results! If you’re looking for coverage from an innovative and financially stable company, reach out today and get a free quote.