Manzana Insurance

How is the Fruitvale branch being doing? * Manzana has three underwriting teams supporting 76 agents in three different regions * The net worth of the policies issued has remained the corresponding further the way outes have increased in this quarter * The adversary prospering doorway presently offers winged create from raw materials with promises of making the TAT counterbalance faster * Profitability is declining and the number of new policies seems to be stagnating, this is having a damaging effect on the companys performance. At the same time, the industry as a whole and Golden Gate in position seemed to be reporting moderate egress rates. * Late renewals atomic number 18 at an in all time high and this has increased the misadventure of independent agents recommending other policy carriers to their customers. * TAT has increased to more than than 5 years from 3 days What are the causes of these problems? The causes of these problems are: * The loss of cont rast can be majorly attributed to the slow TAT and the competitors crack faster TATs therefore making agents suggest the competitors over Manzana * payable to competition, redress rates and commission schedules are nearly the same. gum thereof the major criterion of getting more business was the tending provided by the insurance company, one measure of which is the turnaround time.

Fruitvale is non among the best in the industry on this criterion and thus is losing business. * The underwriters of the company give first preference to RUNs and RAPs as they deposit that RERUNs and RAINs are less profitable. This is leading to a big stockpile of re! newal requests which are increasing * Agents of the company expected a renew contract offer from Manzana on or earlier the exit date of the old policy. But due to the huge conglomerate of renewal requests, If you want to get a fully essay, pose it on our website: OrderCustomPaper.com

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