Rapid transformation and innovative new technologies are changing the insurance industry. In this new digital marketplace, insurer connectivity is crucial to stay competitive and drive growth. The ability to communicate and exchange data securely and seamlessly from insurer systems directly to broker management systems enhances the independent broker’s core value proposition, and allows them to serve as a trusted advisor to clients.
2. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 1
Rapid digital transformation
is underway in the
insurance industry.
3. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 2
A new competitive landscape
and changing consumer
preferences require new
business strategies.
To grow and thrive during
the digital transformation of
insurance, businesses need
to become digital.
4. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 3
An important capability of
a digital business is insurer
connectivity.
The ability to communicate
and exchange data securely
and seamlessly from insurer
systems directly to the broker
management system.
5. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 4
Automating connectivity
is critical to the core
value proposition of
the independent broker
– providing the best
products and advice to
their clients.
6. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 5
Digital brokers leverage
insurer connectivity to:
>> Provide an enhanced customer experience
>> Capitalise on more desirable business
opportunities with more market access
for new risk types
>> Ensure critical documents are immediately
available to brokers and the insured
7. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 6
Online Integrated
eTrading
Integrated eTrading for Commercial
and Personal Lines enables brokers to
provide accurate quotes in real-time
to meet consumer demand for timely
and comprehensive service. eTrading
provides an efficient route to market
by automating the management and
purchase of policies directly from the
broker management system.
8. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 7
With online eTrading
brokers can:
>> Increase quote turnaround time to drive
quicker new and renewal sales
>> Instantly access current, accurate
policyholder information for improved
customer service
>> Automate workflows and improve
credential management
>> Eliminate rekeying of data, improve
accuracy and data consistency, and
reduce errors and omissions
>> Review and compare competitively
priced products to recommend
9. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 8
Remaining un-automated
is not an option.
Increase connectivity
with your insurers to
take advantage of every
business opportunity.
10. Insurer Connectivity: Connecting the Business of Insurance Through Data Exchange 9
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