Managing distribution channels for maximum competitive advantage and profitable growth is a significant challenge for insurance organizations competing in today’s global marketplace. Streamlining the management of producer relationships, including on-boarding and tracking of licensed producers, is of strategic importance. ProducerOne is designed to help insurance organizations manage the entire producer life cycle by integrating with existing policy administration systems and adhering to external regulatory requirements to ensure ease of doing business for agents, MGAs and carriers alike.
“There are many other solutions that provide one piece of the puzzle,” said Satvinder Singh, president and CEO of OSI. “ProducerOne is the only product designed to handle the full spectrum of producer administration, including compliance tracking, relationship and appointment management and more.”
Increasing regulation of the insurance industry makes the inclusion of compliance management in ProducerOne’s functionality critical. ProducerOne aids these efforts by easing the administration of producer background checks, state appointments/terminations and insurance certificates, which would otherwise be distributed across multiple systems, file cabinets and remote offices. Further, ProducerOne improves time to market and overhead by eliminating redundant data entry.
