Quoting application enables business owners to purchase a policy online, in less than five minutes
HARTFORD, CT (August 10, 2017) – Insurity, Inc., a leading provider of core insurance processing and data integration and analytics solutions, is pleased to announce that Allstate Business Insurance has expanded its use of Policy Decisions and has gone into production with a newly developed quoting application.
The flexibility of Policy Decisions enabled this new functionality, which integrates advanced data and analytics along with third-party data, to pre-fill data elements and streamline the quoting process.
The capability allows business owners to quickly and conveniently get a quote and purchase a business owner’s policy (BOP) in less than five minutes. The quoting tool can be accessed through Allstate.com/Business or the Small Business Connection from any device, day or night. The online platform also enhances policy servicing capabilities, so customers can access their policies at their convenience, and agents can focus on helping customers with their insurance needs.
Mike Barton, President of Allstate Business Insurance commented, “Together with Insurity, we were able to turn an abstract idea into a robust customer-driven solution within a very aggressive schedule. Our relationship with Insurity allowed us to address our agents’ and customers’ preferences through a simple and intuitive platform that provides access to our products and services in real time and on their schedule.“
Jeffrey Glazer, Executive Chairman of Insurity commented, “We are proud of the work that was accomplished on this project with Allstate. It was a highly collaborative effort to take this project live. We believe this innovative technology will change the way the industry views self-service quoting as a way to drive business and increase value for the customer.”
Policy Decisions is a state-of-the-art policy administration system that leverages a robust policy processing platform with rich core content and functionality. It supports the full policy lifecycle for all commercial, workers comp, personal, specialty, program and proprietary lines of business.
About Allstate Business Insurance
As a provider for more than 250,000 small-business policyholders distributed through 10,000 small-business insurance agency owners, Allstate Business Insurance provides insurance solutions and shares resources to help American small businesses prosper. Products and coverages include Business Shield (Business Owners Policy), Commercial Auto, Inland Marine, Umbrella and Cyber Security. For more information on Allstate Business Insurance, visit: www.allstate.com/business.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” Allstate agencies are in virtually every local community in America.
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analytics solutions are backed by rich insurance expertise and are in production with over 100 insurers, processing billions of dollars of premium each month. Insurity’s solutions address the needs of all carriers – from the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com. Connect with Insurity on Twitter, LinkedIn and Facebook.