Computers are supposed to shorten or take over routine tasks for us, freeing human brains and hands for creative projects beyond the capabilities of machinery. Frequently, however, users find themselves at the mercy of their mainframes, desktops and laptops, performing repetitive input chores and time-consuming database maintenance functions. Now, a technology that takes advantage of automated Internet resources is allowing carriers to skip the middlemen and take the data directly where it needs to go - the agent and the consumer - without costly delays.Being able to use this type of technology to streamline the release of new products and reduce the time it takes to announce changes in a product's pricing structure is a growing need faced by most carriers. Such was the concern of Electric Insurance Company (EIC), a Beverly, Mass., carrier whose roots date to 1966 when it provided insurance for employees of General Electric. Today EIC, licensed in all 50 states, has expanded its P&C direct-to-customer rates to the general public.

"The driver was more an efficiency issue that came to our attention when we started to implement our pricing package," says Steve Coyne, data warehouse specialist at EIC.

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

Don't have an account? Register for Free Unlimited Access