Tech is transforming insurance, making routine tasks that bit faster – and more accurate too thanks to AI. Here’s some news from CFC;
CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, announces the launch of a powerful new service to automate quoting for up to thousands of policies.
Initially available for CFC’s cyber products, UK brokers can now bulk quote their entire book of business in a single, frictionless process.
“Sending individual submissions on thousands of accounts takes an enormous amount of resource from time-stretched brokers,” says Pat Brice, Distribution Director at CFC. “Our new portfolio quoting service will not only free this time up for them to spend on more valuable complex client demands and relationship building, but also help them cross-sell different products across their entire portfolio. We can even assist in porting master policies over to individual insured policies.”
CFC’s new portfolio quoting service involves three simple steps:
1. Brokers send the required client information
2. CFC automatically generates quotes for all eligible clients
3. Brokers review and bind
Brice continues: “Our portfolio quoting service isn’t just about eliminating manual data input and tedious applications forms; it can open the door to significant growth opportunities within existing books of business, delivering valuable new income streams for UK brokers.”
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