To develop better policies and meet customer requirements, insurance brokers are continuously adopting new technologies such as telematics, big data, mobile, social networking, and SOA that will help them improve risk assessment to make an informed choice. Insurance brokers are also benefitting from digitization that has made it possible to directly converse with customers using mobile apps. These applications have enabled brokers to provide personalized assistance such as assessing personal needs, explaining premium, and reducing bill to customers.
By using these new technologies, insurance brokers are now capable of building business strategies that can meet growing customer demands and manage compliance requirements. With state of the art solution in place, brokers can get access to highly scalable and secure MIS reports and insights into customer needs. These solutions have simplified the entire ecosystem for brokers from customer management, claims registration to reinsurance, treaty management and accounts management. To deliver better customer experience, broker management solutions are taking advantage of latest technological trends such as data analytics that are predicted to have a bigger impact on the ecosystem.
Today, the market is overwhelming with a number of insurance broker management solution providers making it an uphill task for brokers to zero in on one provider. To simplify the scenario, a distinguished panel comprising of CEOs, CIOs, analytics, and the Insurance CIO Outlook editorial board has selected the top players from the competitive field of insurance broker management. The listing provides a look into how these solutions alleviate challenges in the sector and help clients to be one step ahead of the competitors.
We present to you “Top 10 Broker Management Solution Providers — 2018.”
Provider of agency management and commission-accounting software
Check This Out: APL
Offers a cloud-based software platform to help commercial brokers save time and grow their business
Check This Out: Broker Buddha
Revolution Insurance Technologies
The Company provides a carrier and product agnostic, agent-intuitive platform that substantially bridges insurance process gaps
Check This Out: Revolution Insurance Technologies
A global provider of remote staffing, technology solutions, and an integrated Business Operating System (BOS), OX Zion®
Check This Out: Vantage Agora
Provides a modern, comprehensive suite of dedicated software solutions to help brokers enhance their processes with the latest technology
Check This Out: VIPR Solutions
VUE Software offers configurable solutions to meet the unique needs of the life and annuity, health, and property & casualty markets
Check This Out: VUE Software
Provide solutions that improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements.
Check This Out: Autorek
Provides insurance brokers a proactive safety and loss control platform for clients with auto fleets.
Check This Out: Cortaga
Offers brokers and agents end-to-end business and technology solutions, which includes a comprehensive portfolio of application software, consulting, systems integration and outsourcing solutions
Check This Out: Ebix
Provides insurance software with an extensive portfolio covering distribution, underwriting and claims for insurers to focus on their strategic imperatives while reducing time-to-market of technology initiatives
Check This Out: Intellect