Intermediaries addressing appetite transparency, submission streamlining, and quote/bind capabilities: Novarica
Boston, MA (June 20, 2019) – As insurance distribution connectivity continues to evolve, new solution providers are entering the market that assist carriers and their distribution partners with services that improve the ease of doing business. In a new report, Distribution Connectivity Evolution: Overview and Prominent Players, research and advisory firm Novarica provides an overview of this new distribution ecosystem with profiles of the prominent players.
“What makes these capabilities different is their focus on improving the customer experience by simplifying the journey of the distribution channel,” said Kevin Rall, Vice President of Research and Consulting and co-author of Novarica’s new report. “Carriers should stay informed and have a plan for navigating these new layers of digital transformation as they become table stakes.”
A preview of the brief is available online.
Insurance distribution connectivity continues to evolve. Intermediaries are providing more than just connectivity between agency management systems and carrier systems. In addition to traditional quote/bind hubs, agents, carriers, and prospective insureds can now leverage intermediaries that provide appetite transparency and submission streamlining as well as digital wholesalers.
This brief provides an overview of this new distribution ecosystem and profiles of prominent players, including Applied, Appulate, Ask Kodiak, Bold Penguin, Broker Buddha, DAIS, IVANS, Fluid Insurance Workflow, Indio, Insureon, InsureZone, Semsee, Tarmika, towerIQ, Vertafore, and Vlocity.
Click here for the table of contents or to access the report.
Novarica helps more than 100 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and more than 300 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. For more information, visit www.novarica.com.
Source: NovaricaTags: Applied Systems, Bold Penguin, Connectivity, Ecosystem, Indio Technologies, IVANS, Novarica, Vertafore