appulate-excavators presentation updated version
TRANSCRIPT
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Insurance Distribution through Data Management
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GuidewireAccenture/DuckCreekInsurityMajescoInstecISCSStingRayAgencyPortFirstBest
AIMEpic-PremiereMGA SystemsVRCJetFileNexsureiEngineering
AMS360Applied EPICAFWTAMHawksoftSagittaQQEbix
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ProducerConnect
MGAConnectCarrierConnect
InsuredConnect
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Main Areas of benefit for MGA and Carrier
• Submission Platform For Internal Use• Portal For Submission Intake• Automated Underwriting & Quote
Generation• Agent Marketing & Distribution
Channel
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Submission Platform For internal Use
• Uplink ACORD Forms – no manual data rekeying• Electronic upload to markets
– eSubmission / ACORD XML– Weblink– Email
• ACORD & Supplemental Forms with electronic signature
• Reverse Portal• Market Select based on Appetite Guide and
Estimated Premium• Integration with AMS’, like AIM and Nexsure,
DuckCreek, Tropics, Majesco• Work Management & Reports 6
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Portal For Submission Intake
• Ensures Submission Completeness– Dynamic Questionnaire with Required
Questions logic– Required documents
• Uplink from all retail agency AMS’• Minimizes data rekeying overhead • Submission pre-screening & clearance• ACORD & Supplemental Forms with
electronic signature• Work Collaboration with the Producer
and the Insured7
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Automated Underwriting & Quote Generation
• Dynamic QA with Risk Qualification Logic
• May or may not require underwriting authority
• Rate/Quote/Bind• For Internal Use• For External Use – POS Portal for Agents
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Marketing & Distribution Channel
• Large Constituency of Agencies – 20,000+ and growing
• Email based marketing campaigns• Joint Webinars and training
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Areas of Focus in after Q2 -2016
• Submission statuses tracking• Management Reports
– Goal - To provide visibility and insight into the operations
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Quotes by user
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Quotes By agency report
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Quotes by date report
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Quotes By line of business report
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Quotes by state report
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Areas of Focus in 2016
• Reverse portal improvements• Rating for different lines (ISO and non-
ISO based)• Electronic agency appointment workflow• Insurance Commission tracking
– No general ledger accounting features are planned
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• Submission statuses tracking• Management Reports