Specialty lines often have unique workflows and inefficiencies that can quickly hurt profits. Each time the policy lifecycle stage changes, it requires copying and pasting of information and manual processes. These manual processes can expose coverholders to unnecessary risk, add costs and hinder potential revenue.
Applied workflows remove the manual process and enable brokers to issue and manage specialty lines of business, expediting all stages in the lifecycle and improving accuracy in proposals received, policy issuance, reporting, managing endorsements, and renewals.
Applied provides Domestic, Lloyds, Bordereau modules to enable issuance of policies instantly, using a full library of proprietary P&C wordings, and producing declaration sheets to help manage unique risks.
As the leading solution provider in Canada for Lloyd’s coverholders, we have worked with Lloyd’s coverholders of varying sizes to:
- Engage more brokers across Canada with alternative cover solutions
- Bring programs to market faster
- Reduce expenses through automation
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When you’re ready to learn more about leveraging advanced insurance software and solutions to build a better insurance business, we’re here to help.