Insurtech guide to ...

  • Third-Party Data Integrations

    Third-party data integrations and enrichments can greatly enhance a business's leads, traffic, and sales as the third-party data is often more accurate and comprehensive than company data.

  • Premium Finance

    This solution, which involves partnering with a payments company, allows customers to break down the cost of their insurance policy into manageable monthly payments.

  • Payment Processor

    A payment processor is an essential component for any online business. It is an intermediary between the customer and the seller, facilitating seamless transactions and ensuring the security of sensitive financial information.

  • Policy Admin

    As a company grows, its policies and procedures become more complex. Managing them manually becomes challenging. A PAS automates the entire process of creating, updating, and managing policies and procedures.

  • Strategic Partnerships

    By partnering with other businesses, you can access new markets, tap into new customer bases, and share resources.

  • Fronting Insurance

    A fronting policy is an insurance policy written to cover a specific risk, but the risk is transferred to a reinsurer.

  • Customer Relationship Management (CRM)

    CRM is a must-have for any business that wants to create long-lasting relationships with its customers. By definition, CRM is "a strategy for managing an organization's interactions with current and future customers."

  • Capacity

    Insurance capacity is the amount of risk that an insurer is willing to take on. It's important to have a good understanding of this concept because it will help you determine the best way to protect your company's bottom line.

  • Billing Software

    Billing software is a critical aspect of any insurance business. Whether you have an advanced and comprehensive PAS or a humble, bare-bones billing solution, you need to have a way to ensure your customers pay on time and that your invoices are accurate.

  • Agency Management System (AMS)

    An agency management system is a program or software that helps coordinate projects, schedules, and people in an agency setting. It is designed to help the main office employees handle daily tasks from tracking hours worked by employees to calculating sales commissions.