(Image source: Zywave website.)
Zywave, a Milwaukee, Wisc.-based provider of SaaS front-office insurance solutions,has announced the expansion of its Configure, Price, Quote (CPQ) offering with the launch of Zywave CPQ – P&C, a new solution within its cloud-based platform that the vendor says efficiently gathers quotes for commercial lines of coverage across multiple carriers.
Zywave CPQ – P&C provides a streamlined method for entering application data and submitting it electronically to multiple carriers, according to a vendor statement. Once submitted, agents instantly receive a multi-quote policy comparison, which applicants can then use to select their new or renewal policy.
“Anyone who has quoted commercial lines knows the process is traditionally extremely inefficient and time-consuming,” comments Eric Rentsch, SVP, Product Management, Zywave. “We are thrilled to bring this solution to market, which will enable users to automate that process and receive accurate quotes from carriers almost instantaneously, saving time and increasing profitability while also enabling customers to make smarter, more strategic policy decisions.”
Zywave CPQ – P&C offers a variety of premier features to create an unprecedented user experience through each step of the commercial quoting process, as described in the vendor’s announcement of the solution’s debut:
Configure: Simplify tedious data entry by moving from redundant paper forms and PDFs into intuitive and intelligent online data entry, including extensive integration with ACORD Forms, helping users pre-populate forms that can be sent to carriers or clients directly
Price: Run multiple lines of coverage from different carriers, including business owner policy (BOP), workers’ compensation, umbrella and commercial auto, then present and compare coverages and quotes from different carriers
Quote: Access pricing and bind quotes directly from 15+ and counting major national and regional carriers, and track progress.
Zywave CPQ – P&C is powered by a partnership with Semsee (New York), a provider of an automated commercial quoting solution for agents. Zywave reports that, under an exclusive agreement, the Semsee solution has been fully integrated into the Zywave user workflow and can be accessed through Zywave platform to provide an integrated and seamless user experience.
More Efficient and Effective Workflow
“Our partnership with Zywave is an exciting opportunity to help bring a fully integrated platform to P&C agencies that will provide a more efficient and effective workflow,” comments Philip Charles-Pierre, CEO, Semsee. “With our technologies combined, the powerful solution will automate processes, add value and enable users to significantly grow their commercial business.”
“Zywave is committed to bringing our customers the best and most expansive solutions in the industry, whether that be through our internal research and development work, strategic acquisitions or through partnerships like this one,” adds Rentsch. “We’re all about growth. We innovate so, in turn, we can provide the tech required for our partners to realize exponential business growth.”
Zywave CPQ – P&C is the commercial expansion of the company’s existing CPQ offering, the industry’s only end-to-end, integrated quoting and proposal solution for employee benefits brokers, which was introduced in July 2020.