P&C Digital Distribution

Accelerate the quoting process, reduce costs, and simplify operations with a fully digital, automated sales (rate, quote, bind) and onboarding (payment, fulfillment) process.

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With Unqork, P&C carriers can lower expense ratios and gain market share with modern, digital, omni-channel capabilities that provide not only the digital portal but automatically generates the digital API integration layer to rapidly integrate to digital agents and platforms. Accelerate sales, customer onboarding and reduce costs with fully-automated intake, quote, bind, and issuance. Enhance agent and customer experience through modern UI and self-service capabilities. Increase data integrity and transparency for agents and underwriters with controls and workflow orchestration.

Increase quote to bind ratio

With straight-thru processing, digital and real-time rate, quote, bind and automated underwriter referral

Improved risk management

Manage risk with built-in approval controls and audit trails

Improved data quality

Improved data consistency, validations, controls and quality

"...a minimum of three times faster and three times less expensive [than traditional methods]."

James McGlennon, CIO

Additional Capabilities

Omni-Channel

Consistent data capture, validations, processes and workflow regardless of intake channel

Seamless Handoffs

Agent and/or customer- led digital workflows – with ability to transfer edit rights at any point

Third Party Data Integration

Integrate with external data providers and systems to capture customer and exposure / risk information to minimize data entry

Straight-Thru Processing

Automated validations rules, eligibility checks, knockout questions, and financial systems integrations to process straight-thru fulfillment

Transparency & Accountability

Workflow to manage the entire process with insights to progress, ownership with automated routing, alerts and notifications

End-to-End Digital Workflow

Integrated with carriers’ core systems to fully digitize the process from quote request to proposal generation and fulfillment with e-payment and e-signature

CUSTOMER STORY

Streamlining operations for a global P&C carrier

A global P&C carrier was facing increased market competition due to new and modern entrants and digital agencies. Legacy systems and manual processes created an inability to respond quickly to the changing and digital savvy customer and agent workforce demographics.

Using Unqork, the carrier was able to build an end-to-end digital solution fully automating intake, quote, bind, issue for no-touch and underwriter referral workflows. Digitized the policy servicing (change/endorsements, renewals, cancellations) transactions and providing headless APIs for each of the transactions. The solution fully integrated with the carrier’s internal claims and billing systems, as well as 3rd party service.

• Launched two products in 50 states in 14
weeks and only 6 resources

• Reduced time to quoting by 90%

• Lowered expense ratio and operational risk
with automation and controls

• Increase data integrity and transparency with
controls and workflow orchestration

• Predicted market growth of 50% with
expedited processing time and access to
digital aggregators and platform agents

Contact us to learn more

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