Revolutionizing insurance coverage connectivity with Ivans

This text was created in partnership with Ivans.

In a current dialog with Nicole Panteloucos from Insurance coverage Enterprise, Kathy Hrach (pictured), senior vp of product administration at Ivans, mentioned how their cutting-edge expertise is revolutionizing connectivity and driving operational excellence throughout insurance coverage carriers, MGAs, and unbiased companies.

Connectivity boosts your backside line

Ivans’ superior software program facilitates seamless communication amongst insurance coverage carriers, MGAs, and unbiased companies, streamlining the switch of essential info reminiscent of coverage particulars, claims knowledge, billing info, compliance types and different important paperwork.

The Ivans 2022 Connectivity Survey revealed that 90% of companies place extra enterprise with carriers providing connectivity, highlighting that instruments like Ivans are helpful for company profitability. Nevertheless, many companies are both unaware of the total vary of obtain companies accessible or mistakenly consider they’re using all choices.

Acquire perception with the Ivans Obtain Connections Report

Ivans boosts company connectivity by offering each its software program and the Obtain Connections Report totally free, aiming to equip brokers with important instruments and insights for improved business collaboration.

This real-time, customized Connections report presents a complete view of present obtain connections. Hrach defined: “Businesses can view all insurance coverage firms and carriers they’re partnered with, the strains of enterprise and forms of connections at the moment lively and establish any accessible however unused choices.”

Hrach emphasised: “For instance, one company with a single provider may need the chance to attach with as much as 26 totally different strains of enterprise or forms of downloads, enabling a wealth of knowledge to circulate seamlessly into their system.”

This characteristic additionally advantages carriers by revealing alternatives to boost their digital operations. For instance, if an company discovers {that a} provider doesn’t supply claims obtain, they’ll deal with this by means of the Ivans platform.

Hrach added, “If an company sees {that a} provider isn’t offering claims downloads, however different carriers do, they’ll submit a request by means of our connections report. This suggestions helps carriers notice that many companies are requesting this characteristic, probably resulting in its inclusion within the provider’s expertise roadmap.”

Advantages of obtain connections

With out obtain connections, companies could really feel left behind, as they’re compelled to depend on guide entry of coverage particulars. This course of just isn’t solely time-consuming but additionally liable to errors, rising the chance of lacking important info and affecting system accuracy. Such inefficiencies can result in operational bottlenecks and lowered competitiveness available in the market.

Hrach cautioned: “Manually coming into coverage particulars for every new or renewed coverage may cause errors. With out automated obtain connections, companies threat lacking necessary info and encountering inefficiencies that might influence their total efficiency.”

Ivans studies that companies can save roughly two hours per worker, per day, with automated info change applied sciences. Further advantages embody:

• Simplified workflows: A unified knowledge change system reduces complexity by managing a number of provider connections by means of a single workflow, enhancing effectivity and decreasing errors.
• Value financial savings: Automating doc administration decreases the assets wanted for guide dealing with, resulting in price financial savings and higher monetary useful resource allocation.
• Well timed customer support: On the spot entry to up-to-date info ensures immediate and correct responses, enhancing buyer satisfaction and retention.

Emphasizing the transformative influence of embracing digital options, Hrach concluded: “The companies which are actually advancing ahead are those which are taking a extra digital method to offering a greater expertise for their very own customers inside their company.”

To study extra about how Ivans can improve your company’s connectivity and streamline your operations, go to the Ivans website.