Distribution Management

Provide Enhanced Experiences to Gain a Competitive Edge

In today’s insurance market, there's a fierce competition among carriers for new business. One key way to differentiate your organization in this highly competitive market is to find a way to enhance the experience of the agents and the insureds throughout the new business process, for example:

Direct writers need to improve the online experience of prospects on their Website and in portals – today’s web savvy customers want strong online experiences.
Carriers that rely upon independent agents must make the new business process quick, painless, and accurate. Better agency service can be the key to competitive advantage.

Streamlining your new business process requires more than just purchasing a new application or implementing a new Website. There is a lot to consider: how will you tie together the application information, third party data and pass this information to rating, underwriting and eventually policy management? Can these new business systems interoperate with the mainframe and legacy applications you have in your environment? How will you maintain these systems in the face of market changes and keep the total cost of ownership low?

A Simplified Path to New Business Processes

Progress technology with the ACORD standards provides a strong underlying infrastructure that can broker the connectivity and data exchange needed between the applications involved in your new business process. Progress technology with the ACORD standards can help you:

Lower your maintenance and development costs with our ACORD standards support.
Leverage ACORD standards— P&C, LHA, or RLC—to develop a common model architecture that standardize information flows throughout the organization.
Reduce your error rates by ensuring high levels of data quality, keeping your agents and customers satisfied