Underwriting & Rating Software Resources

Glossary Terms, Discussions, and Reports to expand your knowledge on Underwriting & Rating Software

Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find feature definitions, discussions from users like you, and reports from industry data.

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Underwriting & Rating Software Glossary Terms

Loan Servicing

Loan servicing is the process of handling a loan’s administrative affairs. Discover the basic elements and benefits of loan servicing software.

by Kelly Fiorini

Insurance Claim

An insurance claim requests reimbursement for insured damages during unforeseen events. Learn more about the types, benefits, and how to process claims.

by Sagar Joshi

Underwriting & Rating Software Discussions

Question on: PL Rating

Has anyone ever had success in cancelling before implementation?

We initially signed up because we though they offered Anchor General for WA state, now we find out in the initial training that they do not. This was our ONLY reason for signing up, so naturally I email our rep to cancel and now find out that we can not cancel by any means and are being held to our 4 year contact, even though we have not completed training or even installed the software? LOOKING FOR ANY HELP OR RECCOMENDATIONS, ANYTHING IS APPRECIATED!

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Have an attorney file suit for misrepresentation

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Answered: Donald Lown on July 14, 2021

Your answer

Question on: Applied Epic

What is the best way to implement Best Practices?

We really need to track our new busienss and renewal retention and would like any help you may have on this issue!

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We use line status to track new business. You probably have a specific line status you use for new business right? This status is available in the production report under the Commission folder and labeled as Transaction Line Status. As for retention, i think it depends on how your agency defines retention. Do you look at the total revenue of the account, the total renewal revenue for the agency or do you consider anything that is renewed in Epic as retained.

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Answered: Janet Yem on May 7, 2020

Your answer

Question on: Applied Epic

What is the best way to implement Best Practices for reports on renewal and new business retention?

We really need to track our new business and renewal retention and would like any help you may have on this issue!

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If you forward to me your email address I can send to you the Criteria that I use for both.

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Answered: Tina Balkema on October 1, 2020

Renewal Manager, is a great asset

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