What Does Speed To Market Mean?

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What does Speed To Market mean? Read on to discover the definition & meaning of the term Speed To Market - to help you better understand the language used in insurance policies.

Speed To Market

Speed To Market

A phrase that refers to the difference between the time it takes for an insurer to file a newly developed product with insurance regulators and the time when the product can be offered in the marketplace and which describes an initiative of the National Association of Insurance Commissioners (NAIC) to achieve a faster turnaround time.

We hope the you have a better understanding of the meaning of Speed To Market.

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