EOX-hibit Weekly: Providing Insights and Perspectives from the Forefront of Technology
Quoting on Fast-Forward: How Automation and Managed Services Streamline the Quoting Process
Insurance carriers and MGAs often struggle with slow, manual quoting processes that lead to errors and delays. EOX Vantage optimized this process with a combination of managed services and automation, working together across various P&C insurance lines and platforms. Our automated system quickly processes submissions, eliminating manual calculations while ensuring real-time data validation to reduce errors. Meanwhile, expert reviews ensure accurate pricing and refine risk assessments through advanced analytics. Secure document storage and seamless quote delivery further boost efficiency and enhance customer satisfaction.
By blending automation with expert oversight, our solution accelerates quoting, improves accuracy, and delivers a seamless experience for both insurers and policyholders. Clients have reduced quoting times from days to minutes, increased throughput by 90%, and improved bind rates by 10%.
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