Montgomery says the system’s pilot launch in Maryland yielded a 100% increase in policy issuance. It is now available to appointed agents for BOP coverage in Delaware, District of Columbia, Georgia, North Carolina, and South Carolina, and will be available to Virginia appointed agents this autumn.
The insurer says Commerical IQ SmartRisk’s capabilities include the elimination of multiple quotes, an enhanced automated underwriting process that requires fewer referrals, a pricing system with up to 100 price points, and faster new business policy issuance as a result of simplified eligibility criteria.
