Please read our article that was featured in Property Casualty 360 on 4 Dangers of Manual Processes for insurers. SBS has automated insurance programs for many agencies, brokers, and carriers. Some of the common functions that are requested to be automated are insured/agency self service, rate/quote/bind and accounting. If you have questions about automating your manual insurance processes give us a call.
Please read our article that was featured in Property Casualty 360 on 6 Tips for Technology Implementation for insurers. SBS is involved in many system implementation and legacy modernization projects for insurance companies every year. If you have questions on choosing and implementing insurance software technology give us a call.
Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial services companies, announced it has recently completed production of a software solution for a national insurance company.
A subsidiary of a Fortune 500 holding company, the client reached out to SBS for a custom insurance software solution to help process a growing volume of policies, which required additional labor hours and staff to ensure that accuracy was maintained. The technology solution designed by SBS is a secure, web-based application and is accessible to policyholders and their agents with enhanced self-service capabilities designed to save time and money.
The solution offered the company reduced labor costs, streamlined manual processes in multiple departments and automated quote and policy issuance. The product’s features provide improved accuracy and operational efficiencies including the creation of an immediate audit trail for properties, coverages and premiums.
“Like others in the industry, this insurance company was struggling to deal with an increasingly complex marketplace and turned to customized technology solutions to enhance automation and more effectively manage workflow, decrease mistakes and improve the speed by which they are able to deliver their services to customers,” said Steve Wiser, president and founder of Specialized Business Software.
Specialized Business Software wins approval to develop a web-based custom insurance software underwriting system for Lender Placed / Force Placed and Foreclosed Insurance for a national insurance company. This secure online system allows for agents or their insured to directly place insurance on their properties in real-time. Monthly spreadsheets can also be processed if the clients wish to manage their portfolio in batches. Web service connections to address perfection software ensures accuracy for locations as well as identifying specific taxes and assessments. The lender placed and foreclosed system has full support for out-of-order endorsements, as well as a built-in master policy quoting workflow and the ability to process Word documents and convert them to PDF images on demand for the insured as evidence of insurance and policies.