Underwriting for protection: Key reasons advisers face delays

Adoption of technolgy will streamline underwriting process

clock • 4 min read

Karen Brolly shares her insight on the world of underwriting and protection and explains why delays in the process are worth the wait...

Underwriting is an important part of protection business. It allows insurers to price risk appropriately, reducing cross-subsidies and the likelihood of claims being declined. But it can be a lengthy process with a number of questions required to appropriately identify the risk.   We have seen improvements in recent years through the introduction of digitisation in underwriting and, with the necessary changes implemented during the pandemic online underwriting became essential.  The slow and painful process of digitalising health records is allowing for speedier medical reporting, ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Protection and pensions: Overcoming challenges faced across both sectors

Protection and pensions: Overcoming challenges faced across both sectors

'Pensions and protection aren't often spoken about in the same sentence'

Paul Yates
clock 11 June 2025 • 4 min read
Training day: How will CPD changes impact protection?

Training day: How will CPD changes impact protection?

Rules may “lead to protection being overlooked”

Cameron Roberts
clock 30 May 2025 • 6 min read
'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read