Keeping agents authorized to sell involves not only meeting regulatory requirements, but also knowing the correct combination of license, appointment, education, and contract that an agent needs. To add to the challenge, you must make these determinations on a case-by-case basis because the requirements are different in every state and continually changing.
Vertafore’s producer lifecycle management platform includes a dynamic service that does more than store your records and tell you what the requirements are in each state. Producer Manager connects you with information sources that will tell you when the requirements change — giving you easy access to the information you need to determine what combination of license, appointment and education your producers need.
Now with just-in-time authorization
Reduce costs and decrease quote-to-issuance cycle time by leveraging “just-in-time” authorization. Meet complex state rules and reduce the risk of errors and violations. Not only receive a simple yes or no answer to the question, “is this producer authorized to sell,” but turn a, “no,” into a, “yes.” Apply consistent processes to ever-changing authorization rules and eliminate manual processing of routine tasks and focus on exceptions.
Producer Manager enables you to:
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Answer the question, “Does this producer have the right licenses, lines of authority, and appointments for the particular sales event he or she is performing?”
- Eliminate manual processes of routine tasks and reduce quote-to-issuance cycle time.
- Automate the processes needed to correct authorization failures and turn a “no” into a “yes”.
- Make adjustments to ensure that sales force coverage supports marketing’s product rollouts and carrier sales goals. Licensing services and sales departments can work together and support each other’s efforts.
- Interpret just-in-time authorization rules by state and configure whether state registered affiliations are permitted in lieu of an appointment.
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Vertafore Sircon
2nd Place, Insurance Vertical Solutions
2011 Vanguards In Insurance Practices |