Sword AgencyPort’s book rolling and risk analysis software BookSmart has been reconfigured to support commercial lines of business and will be introduced first to the auto industry, according to the company.
Released in 2007, the program is designed to run data through a carrier’s underwriting rules and rating systems, which the company said saves time and money, and eliminates the risk of error.
“For carriers, BookSmart has proven successful in reducing data entry time by 75% and seeing the cost of handling book rolls lowered to a few dollars per policy, which for a carrier handling 3,000 book rolls per year, can mean a savings of $60,000 per year,” said Mason Power, VP of product and market strategy, Sword AgencyPort. “BookSmart has demonstrated quick return on investment and we are pleased to now offer the same benefits to carriers writing commercial lines.”
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