coverage system provider Vantage Agora has released a brand new loss-evaluation web application that offers insurance brokers, program managers and managing standard sellers the capability to view and analyze consolidated information on claims losses for customers and potentialities.
The utility is designed to offer a big-image view of a ebook of enterprise. The device may be used for brokers for advertising/remarketing and negotiating premiums for clients and prospects.
“coverage shoppers and danger managers want extra transparency to better control their chance and charges. They warfare to prepare a entire observe their declare and top rate statistics,” explained Sudhir Achar, CEO of Vantage Agora, which offers insurance procedure outsourcing and consulting, era services, and operations software. “the new loss-analysis app offers agents and wholesalers an actionable dashboard to serve those needs.”
The SaaS (software program as a carrier) app combines records from diverse assets together with a management machine and/or records from providers or 0.33-celebration directors.
Many systems output loss-run and premium facts, but can’t consolidate it to offer mixed consequences. “Combining multi-year and multi-insurer loss runs gives agents a manner to make a powerful presentation,” stated Achar.
The club VA platform additionally offers a financial and production management “actionable dashboard.” This gives agents a “forecast to cash” assessment of commercial enterprise, from pre-quote to charges acquired, according to Achar. “however brokers also need in addition visibility into patron historic statistics, that's essential to answering client queries which include: ‘Why is my premium going up when losses had been strong?’ and ‘What are my declare and top class trends?'”