Your numbers, not ours
Four inputs from your own operation. The output is what manual handling costs you over a year, and how much underwriting capacity is sitting inside it.
Calculate
80
Total handling time per submission: analysis, document review, and copy-and-paste into downstream systems such as policy administration, rating tools and exposure management platforms.90 min
Fully loaded hourly cost of the people doing the processing, including salary, benefits and overheads.£100
Your assumption, not ours. How much of the current manual handling time you expect to remove; the remainder is time spent reviewing flagged fields. Measure your own figure during a Proof of Value rather than taking a headline percentage from us.70%
5,520 hrs
spent on manual processing per year
£386,400
in annual manual processing cost removed
2.1 FTE
of underwriting capacity returned
Assumptions: 46 working weeks a year, a 40-hour full-time week, and the automation share you set above, with the remainder spent reviewing flagged fields. The figure shown is manual handling cost removed. It excludes the cost of SnapLine itself, so it is a gross figure rather than a net return. The only way to get a real one is to measure your own submissions during a Proof of Value.
A number you made up is still a number you made up
Every input above is your estimate. That is the point of the tool, and also its limit. Bring three real submissions and the handling time stops being a slider.