- The New Website posted Thursday, May 20, 2010
- Program and Specialty Lines Webinar posted Thursday, March 25, 2010
- 2009: The Year in Review (Part 2 of 2) posted Thursday, December 24, 2009
CoverIQ™
Like X-Ray Vision for Bordereaux.
The key to profitable Program or Specialty business is being able to quickly streamline data capture, and to see and analyze the business being put on the books. You don’t always have control over the policies written in your name. This can be further complicated by working with inconsistent data. And by the time it all reaches back-end systems, days or weeks have gone by. How can you unlock your business to scale, acquire or add new programs or MGAs without exacerbating the disparate data capture process? CoverIQ™.
Designed to streamline this process and offer your distribution partners a better way to submit bordereaux, CoverIQ™ is the first of its kind. Offering a scalable, service-oriented architecture that provides a single gateway approach to accept and standardize the various Bordereaux formats, CoverIQ™ gives carriers an automated, consistent approach to processing their Specialty/Program business.
"We're extremely happy with Sword AgencyPort and CoverIQ. We receive only high quality validated risk data, and it is ready to be modeled immediately. "
Rachel Haldane, Senior Catastrophe Modeling Analyst
Hiscox
- Electronic Bordereaux capture gives underwriting a real-time view of policies on the books.
- Versatile import functionality enables spreadsheet imports or XML feeds directly from MGA systems.
- A unique mapping approach to handle varying formats and built-in data cleansing, augmentation (geo-coding, hazard info., etc) and standardization technology significantly improves inbound data quality.
- A single, consistent method and process to onboard new MGA’s
- A robust collection of reports give both MGA’s, brokers and underwriting accurate, up-to-date reports of risk distribution and overall Program/Binder performance.
- Adherence to ACORD XML and London Binding Authority spreadsheet standards and a flexible export approach allow downstream integration with back office systems, catastrophe modeling, policy administration, reinsurers, etc.
- Integrates with Open Xposure, AgencyPortal, RMS and other vendor or third-party data providers.
- CoverIQ™ can act as a front end to Open Co+ or other policy administration systems.