![]() ![]() The way this is represented visually can vary greatly depending on the approach and model used. Statistical analysis that supports the assessment of the level of risk and pricing rates, which maintain premium adequacy, is urgently needed for further observation.Business process mapping is a visual representation of how a business process and its steps play out. Business process transformation was carried out by completing underwriting parameters, eliminating waste and non-value-added activities, increasing risk analysis activities that provide business value to the acceptance (underwriting) process, improving data management by optimizing administration as a data bank agent, and applying pricing rates to maintain tariff wars and premium adequacy. A rating method was used to determine the weight of underwriting parameters. Business process analysis was completed using root-cause analysis, value-added analysis, and waste analysis. Business processes are described using the Business Process Model and Notation (BPMN). The Delphi survey method was carried out with seven experts, who were chosen through purposive sampling, to support data collection. This study uses qualitative methods for business process analysis. The aim of this study is to analyze the current business process of H&M insurance, identify the problems that caused the ineffectiveness of the business process, evaluate underwriting parameters, and propose a new business process. Hull and Machinery (H&M) insurance industry suffered low profitability, which impacted the sustainability of the insurance industry.
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