Your distribution channels are the lifeblood of your business, and transacting business with them is complex. The simpler and faster you can make it for them--no matter who or where they are--the farther ahead of your competition you'll be. Starting day one.
Successful new business processing is largely determined by three factors: simple, low-touch agent workflow; responsive, quality underwriting; and internal operational efficiency. Sadly, emailed ACORD PDF forms and endless rekeying still get in the way, inhibiting growth and profitability. Fortunately, automated ACORD form-to-XML conversion has its eye on making these obstacles things of the past.
Working with agency management systems is unpredictable at best. Different systems, transaction types and data formats combine to create a storm of duplicated effort, inefficiency, frustration and inaccuracy for both carriers and agents. Ease and consistency on both ends are key to reliable agency/carrier interface and, ultimately, good business.
As it has with most industries, today's mobile technology has forced P&C carriers to rethink everything they know about how business gets done. Insurance is being bought, sold, brokered, underwritten, analyzed and amended by more people from more places on more devices than ever. Creating a platform that both encourages and simplifies this expansion keeps carriers a step ahead of the next opportunity.