Business Category: A technology provider of InsurTech tools to insurance practitioners
Maturity Status: Startup (less than 3 years since product went into production)
Product or Service: BrokerLift
Area: Property & Casualty insurance
BrokerLift is an eCommerce Platform purpose-built for Insurance Brokers to digitally sell “transactional” products to their customers from their preferred Insurance Partners. The platform integrates digital products (20+ to choose from!) into the Broker’s website, email and other branded experiences. BrokerLift is NOT an insurance entity, Brokers earn full commissions and can swap product providers without losing their data or digital customer experience.
What makes us an InsurTech:
The BrokerLift platform is a white-label tool that allows Brokers, for the first time, to integrate a variety of “buy online” products to their websites in an affordable manner. Being a Broker tool is important; our Brokers choose their insurance partners, retain full commissions and always own all their data. Integration into BMS and other platforms are on our roadmap.
Major features & technology used:
BrokerLift’s cloud-based platform supports each element of policy issueance for new and renewal business; quote, pay, bind, issue!
Aside from our “pre-built” marketplace of over 20 digital products from 7 insurers, the platform is also being used by Brokers to build and support custom products and professional programs; taking a paper and resource intensive process and digitizing it all online. Renewal emails go to customers, they return to their Broker’s site to buy or renew their professional policies in minutes!
BrokerLift provides a turnkey eCommerce platform for insurance brokers to instantly enable online sales and service to their customers. As a purpose-built managed Software as a Service (SaaS) solution for the insurance industry, the BrokerLift platform features both highly secure and completely flexible technology. BrokerLift is fast becoming the eCommerce partner of choice for Insurance Companies. To learn more, visit www.brokerlift.com.
Source: BrokerLift Inc.