Hartford, Conn., October 23, 2006 – To help agents speed up the decision process and provide quotes for eligible small business customers, Travelers Select Accounts division of Hartford, Conn.-based St. Paul Travelers Cos. Inc. has introduced TravelersExpress for Master Pac.TravelersExpress is an approach to processing new small commercial policy applicants because risk evaluation and pricing are delivered to the agent up front during the submission process. It will be available initially to agents in Illinois, Utah and Nevada and rolled out nationally in 2007.
The tool works behind-the-scenes in IENet, Travelers' existing small business rating and issuance system. Using advanced modeling tools, external data and detailed loss trends by class of business, it is designed to reduce the amount of underwriter involvement.
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