Several carriers say agency use of real-time rating and policy inquiry transactions doubled in 2007, a year after a coalition of insurance industry groups launched a campaign to improve the efficiency of electronic communication between agents and their insurers.
Among those reporting significant increases in the use of real-time transactions by independent agents were Chicago-based CNA, Peerless Insurance (a Liberty Mutual Agency Markets company based in Keene, N.H.), and Westfield Insurance, headquartered in Westfield Center, Ohio.
The Real Time/Download Campaign reports that CNA's independent agent real-time usage rose 10-to-15 percent a month after the carrier embarked on an aggressive implementation and communication program last year. The carrier is continuing to work with agents to drive usage.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.