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

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

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