Insurance Brokers face obstacles to productivity and efficiency due to lack of a centralized system for all methods of communications with carriers - email, placing platforms etc. Additionally, Brokers spend a lot of time ensuring all layers are fully insured in a risk. This brings about delays in binding policies, thus less business in unit time.
Introducing Hexaware rapidX™ for Insurance – The Broker Workbench
Hexaware rapidX is a transformative solution crafted to address these pressing challenges in the insurance Broking landscape. This comprehensive workbench offers a user-friendly interface designed to streamline the management sending requests for quotes to multiple careers across multiple layers. Additionally, this solution helps brokers with visualizing received quotes to confirm 100% coverage of risk across all layers. Additionally, this solution reduces manual effort and errors by having checks in place at various stages and highlighting issues to the user.
- Insurance Data Model : Create placements for multiple products and submit it to multiple carriers for quote request.
- Broker Workbench : Dedicated workspace for brokers to create and manage all the placements, submissions and quotes from a single screen.
- Ease of communications: Allows brokers to talk to carriers via multiple methods from the same tool
- Centralized view of Quotes Received: All quotes received from underwriters visible at a single location for seamless comparison
- Quote Comparison: Ability to compare multiple quotes to provide brokers the best business, allow for better negotiations
- Coverage map view: Ability for brokers to visualize all quotes receive to pick and choose 100% coverage for all layers and bind
First release of the app
Following plugin are required:
- Customer Service (sn_customerservice)
- Service Organization (sn_service_org)