Wausau Insurance has contracted with IVANS to use Transformation Station to streamline the submission and quoting process of middle-market business for agents and brokers.
Wausau has developed the technology to accept complete submission data based on ACORD XML standards and feed it into workflow and rating systems. IVANS Transformation Station provides the link necessary to translate the data output from agency management systems to the ACORD XML format and pass it on to Wausau.
Agents can send a complete submission for workers compensation, commercial auto and general liability directly from their agency management system, according to Joan Kiburz, Wausau's E-Business Manager. The industry has utilized this technology for personal lines and small commercial quoting for the past year. Wausau is expanding the technology to handle more complex middle-market accounts. "Both Wausau and its contracted producers benefit from improved efficiencies, more accurate data, and less re-keying," Kiburz said.
Wausau's initial interface pilot is being conducted with producers on Applied Systems' agency management software.
"The expansion of real-time business processing into the middle-market demonstrates that this technology and agency-company workflow is beginning to mature in the marketplace -- carriers are gaining confidence that not only routine auto, home and BOP business will dictate the future of process improvements," said Anna England, Vice President and General Manager of the IVANS Insurance E-Commerce Solutions Division.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access