Commercial lines updates and BOP successes
As of second quarter 2020, we have completed over 50% of Motorists Mutual Insurance Company policy conversions for Ohio, Pennsylvania, West Virginia, Indiana and Kentucky to our single-policy administration platform. On average, our underwriting team has delivered on releasing quotes for the conversions 59 days in advance of their effective date. We will be 100% complete at the end of October, helping us streamline services and improve efficiency for you.
In addition to completing these conversions and supporting you and your policyholders through COVID-19, we have also seen a 40% increase in BOP submissions compared to last year. These submissions came from numerous business types, including Eating Places - Multiple location restaurant group, Plumbing/HVAC, Electrical Work, Grocery Stores and Terrazzo, Tile, Marble and Mosaic Work.
While this year has presented numerous challenges, your hard work and that of our associates has shown our dedication to improving our processes and, most importantly, being there when bad things happen to good people.