The new capability lets small businesses offer their customers instant, digital COI access to prove an active insurance policy, ensuring confidence and full transparency for consumers.
The companies share a common vision to streamline processes for parties involved in the sales and support of commercial insurance, including agents, carriers, MGAs, and brokers.
When discussing artificial intelligence CIOs often describe the opportunity to automate manual tasks, to replicate tasks with machine learning, and to produce recommendations based on learned behavior, but there is much more insurers can do with AI, even in the near term.
The new version includes enriched texting functionality to boost engagement, drive quicker decisions and improve conversations by weaving messages into the sales process.
The solution enables ‘once-and-done’ digital workflow solutions to automate BCS’s entire producer management process, including agent licensing, contracting, and terminations.
The tool eases issue of contractor’s equipment policies for a broad range of equipment, including general construction, and equipment used in warehousing, manufacturing, and municipalities.
The solution will enable less-invasive testing, and rapid- or instant-issue policies based on predictive analysis of data from internal and external sources.
Insurers must enable their front end systems to reach seamlessly to back-end data and processing, making for a much richer customer and distributor experience.
Extraordinary Re is creating a liquid market for $22T in insurance liabilities that uses blockchain to let participants to reallocate insurance risks among themselves in a familiar format.
The capabilities have been combined to provide a more complete view of consumer behavior, help improve lead performance and mitigate TCPA risk.