INSURER’S ECONOMIC ADVANTAGES

Potential gains as bidding Insurer (1) #10

Let us examine the underwriting role that is available to Insurers in order to better appreciate the advantages and the substantial gains each individual insurance stakeholder can profit from.

Factually, the underwriting Insurer’s role provides access to very sophisticate selling tools which will allow the various carriers to continue differentiate themselves while standardizing many non distinctive business activities.

There are numerous advantages to such environment. One of them is the standardization of the information formats received from various partners that will permit carriers to create an optimized environment so as to rapidly process each requests and provide a better service to their sponsors. 

Consequently, this optimized management interface will provide the sponsors with improved training and critical access to information when most needed, thus insuring a better quality of the information being  shared. Insurers will be able to follow up on each individual file and have a clear picture of their status based on their evolution phases.

C-surance is integrated with most e-mail services.  When data are transmitted to the Carrier by the sponsors an e-mail will appear on the Carrier representative Inbox. If the Carrier is not a C-surance participant, a PDF formatted file of the RFP will be attached to the e-mail sponsor.

On the other hand, the Carrier taking advantage of the C-surance’s file managing environment will have the added advantage of being able to import the RFP and to process it in real time.

The optimized interface will provide the Carrier with full latitude to follow up on each file and each project specification.

Following a very simple request procedure, the Carrier can have also the choice to check the overall file on screen or to print the project specification report directly.

C-surance’s highly specialized and simplified environment will most probably provide sponsors with a better, improved and increased information structure than what they were traditionally accustomed. Thus, all files received through C-surance’s environment could include the actual plan, the project as requested, and the various options formulated by the customer.

Thanks to C-surance’s efficiency, Carriers will be able to better analyse globally the information as well as independently process each document sent by the sponsors. Therefore, this will allow for each document to be analysed and processed individually and a simple and integrated reply can be retransmitted to the sponsor.