"From what we’ve seen so far, this could save us and our carriers a tremendous amount of time, money, and resources."
Advantages for MGAs/MGUs
Time savings
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- Eliminate re-keying of data by auto-filling data directly from management system to appropriate form set(s)
- Shorten PolicyIssuance cycle time with intelligent form selection based on underwriting rules
- 60-90 day form update cycle reduced to real-time. Single versus multiple updates
- Overall increased speed to market
Safeguarding/improved accuracy of data
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- More secure transmission of sensitive data
- Eliminate excessive verification. VPI Ensures that all forms are completed and assembled properly
- Up-to-date forms libraries based on carrier input
- Overall limiting of E&O exposure
Overall increased efficiencies
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- Limit IT overhead with SaaS deployed product
- All data captured at initial input
- Better service to general agents
- Limit IT overhead with SaaS deployed product
- All data captured at initial input
- Better service to general agents