A great broker wants to solve their clients' needs while delivering a fantastic experience. But no matter how client-focused they may be, the commercial insurance process is disorganized and overwhelming.
Forms are scattered across various file formats, clients are continuously confused by insurance jargon, and the same information is sometimes entered up to FIVE TIMES in a single application.
TowerIQ solves these problems with a simplified platform that centralizes documents, eliminates redundancies, and most importantly helps brokers deliver a great client experience.
Communication methods vary between brokers, clients, and carriers, meaning that as more information is transmitted, it becomes harder to keep organized.
Exposure information is passed on through multiple platforms, and brokers must re-enter this information many times across their systems. As a result, there is a high risk of E&O losses because of lost information or human error.
To eliminate these issues, TowerIQ offers a standardized platform for the data collection process—reducing redundancies, centralizing communications, and transferring information rapidly and securely.
Insights are impossible to generate when the required data is siloed in multiple locations or across multiple platforms. Brokers are overworked as it is, and when they lose days or weeks selecting markets based on outdated or inaccurate appetite data, it can be frustrating and costly.
Accurate appetite information would benefit everyone, but since compliance requires so much data entry already, there is no incentive for anyone to log accurate information. As a result, organizations are unable to create accurate forecasts and have limited abilities to check on deal progress and stage.
TowerIQ introduces real-time insights that scale from individuals to teams, divisions, and entire companies. Use these to monitor trends in book of business or forecast new business and renewal premiums with far greater accuracy.
Our accurate, real-time appetite information requires no additional data entry. This centralized information gives brokers the ability to submit exposure data to the right markets, with the confidence that placement information is accurate and complete.