Solutions for Carriers

End-to-end policy and submission validation

Challenges

Clients are putting more pressure on insurers to move to an optimized multi-channel distribution model with agencies and brokers. Insurers’ business development teams require more accurate, real-time data to make transmissions even simpler and faster for the agents they work with. Today, this process is often limited by the insurer’s ability to process submissions, which can take weeks for the data extraction, underwriting, and quoting thus leading to poor satisfaction.

Insurers also struggle with accurately processing submissions. These traditionally manual processes are cumbersome and result in slower processing times. Insurers need the ability to automatically route submissions for better placements and improved satisfaction from agents and brokers. Extracting and normalizing the data into a single language can help keep their underwriting data up to date and free from manual entry. This offers more accurate information to reduce risk in the submission validation process to drive a better broker experience and write more business.

Put your customers at the center of the conversation

Simplifying the end to end policy and submission processes needs to happen from the front lines of the business - by empowering a new age of innovation underwriters and business development teams that embrace agility and consistently put their customers at the center of the conversation.

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Solutions

Illustration of the towerIQ carrier dashboard

 

 

 

Shorten time to quote

Gain trusted status amongst your distributors through the delivery of quality, accurate, insurance documents. Streamline the process for agencies and MGAs.
Illustration of a data schema in towerIQ

 

 

Get high quality data piped right into the system

Give your team the ability to make the best decisions with all the data to get to the best answer. Easily capture all submission and schedule data and ingest it into a structured language to transform it for increased quoting and submissions evaluations. 

Illustration of a data schema in towerIQ

Features

Validate submission data

Use third party data to accurately validate the exposure data provided to you by distribution channels. 

Offer multiple connection options for distributors

Connect via direct API connection, branded carrier portal, or email.

Submission activity tracking 

Track your submissions, documents, messages, and timeline in a portal environment.

Broker activity alerts and audit

Keep track of client activities with timestamps from team members and get proactive alerts you when clients sign in, submit forms, and more. All activities are tracked in audit logs to improve compliance.

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