Insurance software provider Transactor Global Solutions has added a ‘Sub Agent Broker Portal’ as part of its standard Transactor offering. This will enable brokers to set up selected partners on their Transactor systems who they want to distribute through in a controlled environment.
Each broker partner will be issued a username and password allowing them to enter a web based portal from any location with internet access.
The broker can decide on how much control is given to their partners, options include:
– Risk capture only. The partners enter risk information for new quotes. The data is updated seamlessly to the broker’s database and allows the insurer’s underwriters to assess the risk. The quote is then returned online, allowing the broker to buy through their partner.
– Quote and buy. Using Transactor’s own rating engine online quotes can either be returned instantly or any risk dependent on certain criteria can be referred to the underwriters to assess the risk before returning a quote to the broker.
– MTAs (mid-term adjustments). Broker partners can make MTAs, including automatic premium adjustments.
– Renewal Amendments. There are various options around renewal amendments including re-quoting the renewal and returning an instant renewal premium.
– Renewal Acceptance. Partners can accept renewals.
All policy documents can also automatically be sent via email either directly to the client, or to the broker, or both.
Ian Blakesley, Chief Technology Officer, TGSL said, “Our new ‘Sub Agent Broker Portal’ is another example of how modern and progressive technology is utilised for the benefit of brokers, their sub agents and ultimately the customer. Having an effective route to market will always be a high priority for brokers and we have endeavoured to provide them with a business tool which will help make cost effective options when working with their sub agents.”
