The UK is leading the world in terms of underwriting procedures and use of technology in processing insurance applications, delegates in London have been told.
Speaking at the Better Underwriting, Greater Sales (BUGS) conference, Nigel Bradshaw, managing director of Redmayne Consulting, said: "The UK is at the head of underwriting advances compared to other countries throughout the world. Overall we are ahead of the rest in terms of the speed of our processing and the use of online processing. We do not require blood tests before issuing policies like in America and we have done more work on quality controls."
Bradshaw reserved particular praise for how UK underwriters have embraced technology. "The work we have done in adop ting tele-underwriting has put us ahead of every other territory in the world," he said.
