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Underwriting Efficiency Calculator

Calculate your submission workflow efficiency against real industry benchmarks

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✓ No signup required
✓ Based on 2024-2025 industry data
Your Progress Step 1 of 8

This helps us tailor benchmarks and recommendations to your segment.

i Why we ask this
Different organization types have different workflow patterns. Carriers, MGAs, and brokers each face unique challenges in submission processing.

Enter the average number of new submissions your team processes each week.

i Why we ask this
Include all submissions, regardless of outcome. Submission volume varies by segment and account complexity. In some higher-flow contexts, leaders report ~40 submissions per underwriter per week; complex accounts may be far lower.
Source: Insurance Business Magazine

How quickly does your team typically provide an initial response to new submissions?

i Why we ask this
Time from submission receipt to first meaningful response (quote/decline/request for more info). In a 2024 broker survey, 48% described industry response times as "too slow."
Source: Prestige Underwriting Broker Survey

Estimate how many submissions you receive that fall outside your target criteria.

0% (Perfect match) 100% (All mismatched)
30 %
i Why we ask this
Submissions that don't match your underwriting criteria. Industry data shows ~25% (1 in 4 submissions) typically fall outside appetite, with underwriters spending ~26% of time on deals that never bind.
Source: Federato 2025 State of Underwriting Report

Include all team members who review and process initial submissions.

i Why we ask this
Full-time equivalent underwriters. Leading carriers like AIG are processing 500,000+ E&S submissions annually while aiming to avoid proportional headcount growth through AI-powered triage.
Source: Carrier Management - AIG E&S Automation

What percentage of quotes you issue result in bound policies?

i Why we ask this
Percentage of quotes that convert to bound policies. Industry benchmark is ~20% (1 in 5), while top performers achieve 25-50% with strong pre-qualification.
Source: PRWeb - Flow Specialty Case Study

Select the line that represents the majority of your book.

i Why we ask this
Different lines of business have different benchmark expectations. Specialty/E&S carriers expect longer response times but handle fewer submissions than high-flow GL or auto books.
Benchmarks vary by LOB complexity, regulatory requirements, and market dynamics.

Approximate average premium size for submissions you receive.

i Why we ask this
Premium size affects the financial impact of inefficiencies. Higher-premium accounts mean greater revenue at risk from slow response times and low conversion rates.
Source: Insurance Journal - E&S Market Trends

Your Efficiency Score

0 /100
Calculating...

Your Top Optimization Opportunities

Estimated Impact

0 Hours Lost Per Week
$0 Est. Cost Per Year
0% Potential ROI

Your Detailed Report

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See industry benchmarks, 90-day action plan, premium impact analysis, and more.

Industry Benchmarks 90-Day Action Plan ROI Analysis Risk Assessment

How It Works

Get actionable insights in three simple steps

📝

Answer 8 Questions

Quick questions about your current submission workflow, response times, and team capacity.

📊

Get Your Score

Receive an efficiency score (0-100) benchmarked against industry standards and top performers.

🎯

See Opportunities

Discover personalized insights showing exactly where you can improve and the potential ROI.

Industry Benchmarks

See how top-performing teams compare

<2hrs
Top Quartile Response Time
15-25%
Avg. Appetite Mismatch
30%+
Best Quote-to-Bind Ratio
20-30
Optimal Submissions/UW/Week

Industry Benchmark Sources

Our benchmarks are based on the following industry research and data

Submission Volume: Insurance Business Magazine
E&S Market Growth (21% CAGR): Conning Research
Response Time Benchmarks: SimpleSolve, Prestige Underwriting Survey
Appetite Mismatch Data: Federato 2025 State of Underwriting Report
Capacity & Automation: Carrier Management (AIG)
Quote-to-Bind Ratios: PRWeb (Flow Specialty)

FAQ

Underwriting Efficiency Calculator FAQs

Transparency matters—get answers to common questions about our benchmarks, accuracy, and privacy standards

 

#2 - Sortspoke

 

What does this calculator measure?
This calculator evaluates the efficiency of your underwriting submission intake process. Specifically, it measures the operational capacity consumed by low-fit submissions ("noise") and how that friction impacts your team's response times and quote-to-bind ratios compared to industry leaders.
Are my results compared to peers, and is my data kept private?
Your results are benchmarked against 2024–2025 industry data from commercial, specialty, and E&S carriers. regarding privacy, the data you enter is used solely to generate your custom analysis. Your individual inputs remain strictly confidential to SortSpoke and are never shared with other carriers, competitors, or third parties.
What timeframe should I use when entering my data?
For the most accurate "health check," use average data from the last 30–90 days. This smooths out short-term spikes (like renewal season) while accurately reflecting your current staffing levels and market demand.
What should I do if my score is low—or high?
A low score usually isn't a people problem; it's a process problem. It often indicates that underwriters are spending disproportionate time on out-of-appetite risks or manual data entry. The most effective fix is often shifting to automated submission triage to filter the noise before it hits their desks. A high score suggests your intake process is scalable and ready for growth.

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