In a digitized workflow, the submission, underwriting, and issuance process is fully integrated and streamlined. Your underwriters can maximize their time and issue policies faster than ever before. More speed means a differentiated level of service you can provide to your brokers.
As an MGA, you want to provide the best level of service to your brokers, and a fully digital workflow helps accomplish that goal. With a single digital platform from the start to finish of the insurance lifecycle, you will not need to re-key data into multiple systems as you underwrite, quote, and issue a policy.
A digital platform can implement underwriting rules to assess the submission to see if it meets underwriting guidelines and can implement system rating to calculate the premium. Quote and policy documents can be generated in a few clicks based on the underlying data.
An integrated digital platform allows you to realize efficiencies and provide a differentiated level of service turnaround time to provide quotes and issue policies to your brokers.
Digitization equals data, and data equals real-time insights to help you manage your business. Dashboards and reports allow you to make data-driven business decisions around aspects such as business volume by broker, staff workload, upcoming renewals, premium by carrier, service-level targets for time to quote or bind, and much more. Let’s say you are meeting a carrier - you can launch InsureVue and pull up a dashboard to see a real time view of premium volume, claims, and all policies you have in force with them.
With InsureVue, you can give markets the ability to access relevant data through a secure, self-service carrier portal. They can run bordereaux reports and view an insured’s policy documents - all in real-time and fully self serve. Free yourself from the having to manually compile and email bordereaux reports or policy documents each month while also providing an empowering service for your carriers.
InsureVue is a fully could based policy management system that is customized to your business. We work with you throughout our four-step implementation process to deliver a policy management system that fully digitizes your business.
Because InsureVue is fully customized to your business, it supports your specialization niche by precisely implementing your insurance products. Begin by defining the application information you need to capture, then provide your underwriting and rating rules, and finally define the documents you will issue.
After reviewing your specifications, we implement your required data fields, underwriting rules, rating algorithms, and documents into InsureVue. InsureVue and the data it manages becomes a key part of your company’s differentiation for being able to underwrite and price risk, benchmark, and analyze claims.
Once your products are digitized, the completed policy management system is made available for you to test and fully sign-off on before it goes live.
InsureVue was built with speed and customization in mind. InsureVue has a powerful set of general insurance functionality that we leverage which allows us to focus on implementing only your specific product requirements. This enables a rapid implementation process. From start to finish, a product implementation typically takes a matter of weeks.
We're back from Dig|In 2018, where we were invited onstage to demo how our cloud-based platform transforms insurance businesses. Join us as we share our successes to an audience of the insurance industry’s leading thinkers and innovators.Read More