Pacific Specialty Insurance Company (PSIC) has taken their long-standing partnership with IBA West to the next level. PSIC and IBA West have teamed up to offer agents easy access to PSIC’s property line, which will now be offered via the Internet, through IBA West’s Web site.
“Pacific Specialty has had a partnership with IBA West for several years where selected products were made available to IBA West agents using the traditional paper submission process,” said Don McAllister, vice president of Information Services at PSIC. “With the increased usage of the Internet both PSIC and IBA West recognized that this new distribution channel opened many new possibilities—applications can be downloaded immediately from the web, policies can be quoted, bound and issued in minutes rather than days. Like PSIC, IBA West is continually fine-tuning their Web site to bring as many services as possible to their member agents. It just makes sense at this point in time for each of us to direct as much energy as we can to the Internet.”
According to Clark Payan, president of IBA West Service Corporation, “A number of our members look to us for products to make available to clients because they don’t have other agency contracts and other product lines.” The partnership was created to bring attention to the availability of PSIC’s property line, which includes homeowners’ coverage. By allowing agents to access the policy online, it eases the underwriting process and appeases consumers who find the insurance process unsettling.
For full story, please see the June 24 issue (Page 28) of Insurance Journal West.