There is a portal for the
brokers
to use and for the carrier to use.
The
system makes it easy for
b
rokers to
gather
all the information
from their agency management system and pull it into
one place
so they can
share
it
with carriers to get quotes. When they get the quotes back it is automatically collated into an easy-to-use format.
For the carriers, it ensures that they have all the information they need to provide a quote without having to chase the broker down. It does not remove the relationship piece. Sales reps can still call on
brokers
and see what they need to do to win the business. The back-and-forth is tracked in the system so that there's no question what the final rate
s and terms were.
It's paid for by the carrier that ultimately wins the business.
There's a heck of a lot more to it!