Fault-free service and peace of mind
The primary benefit of our system is reduced costs for the carrier. This means it can make lower bids to the NCCI, and a competitive advantage during the carrier selection process. The cost reductions achieved through digitally augmenting an estimated 55% of the workforce also mean the carrier can potentially take on 20-25% more policies.
Augmenting the workforce has other benefits too. Talent can be deployed elsewhere in the reinsurance process, or even elsewhere in the business, where employees can add more value and enjoy their work more.
The system runs on NCCI's and JUAs defined requirements, which means it ingests, records, orders, and uses the data in the correct way. This means peace of mind when it comes to review and audit – an extensive and expensive part of the business.
Perhaps best of all, the system can be replicated and used elsewhere across the business, delivering a blend of human and artificial intelligence, automated digital processes, and fault-free service that insurance carriers want, regulators love, and customers need.