24 Feb 11
Time savings breakdown when utilising our online system.
Time is money, making it tricky to sell insurance to small businesses and professionals whilst still making a profit. Even under a binding authority, this type of business takes up valuable resources. But by switching your program business to our online system, you'll be able to save hours and will have in place a truly effective system for this important market.
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Manual
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Online
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1.
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Gather client info
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1.5hrs
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0.5hr
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2.
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Send market presentation
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0.5hr
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0hr
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3.
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Chase quotes
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0.5hr
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0hr
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4.
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Prepare and send client quotes
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1hr
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0hr
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5.
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Chase for order
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0.5hr
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0.5hr
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6.
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Chase signed application
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1hr
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0hr
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7.
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Chase and check policy documentation
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1hr
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0hr
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8.
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Chase payment
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1hr
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0hr
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9.
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Handle mid-term adjustments
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3hrs
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0hr
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Total time spent
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10hrs
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1hr
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Here is a quick run-through of how the online system works with you: 1. The client fills in their details online, supported by automated help and verification. 2. The quote requests are immediately submitted to our underwriting platform. 3. Our system will respond in under a minute with a formal quote. 4. The quotes can be formatted to your house style. 5. Sadly, you may have to chase the client for the order. 6. Once an order has been made, no signed application forms are required, only a statement of fact. 7. All policy documentation is automatically produced. 8. No chasing for payments as they are handled seamlessly online. And finally, 9. A wide varitey of mid-term adjustments are available directly to the end customer.