Argo Group International Holdings, the Bermuda-based specialty re/insurer, has adopted an insurtech platform that enables managing general agents, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error.
Argo has deployed AVYST’s bi-directional forms system, called “eForms Wizard,” which makes it possible for clients and brokers to enter risk details just once, for automatic processing by Argo. Use of the system will eliminate the numerous paper-based steps of conventional point-of-sale processes, which will reduce re-keying mistakes and drive efficiencies for clients, explained Argo in a statement.
“AVYST eForms Wizard dramatically simplifies retail distribution to make delivery of our products smooth and simple,” said Gary Grose, group producer management and marketing leader and president of Colony Specialty, the San Antonio-based excess and surplus lines carrier and subsidiary of Argo Group. (Grose works in the company’s Chicago office.)
“This kind of delivery will especially benefit independent brokers and larger networks that have traditionally grappled with time-consuming and inefficient manual workflows for every risk submitted. It also allows Argo to gather large volumes of data effortlessly, which fuels our risk analysis and exposure management,” he added.
In 2017, a group of insurance industry veterans and investors launched AVYST’s eForms Wizard. It replaces paper-based processes while enabling users to retain flexibility.
“Brokers and agents have long been able to submit risks to Argo through multiple channels across the company’s business lines,” commented Marc Still, CEO of AVYST. “Our software is designed to integrate with other solutions to streamline the submission process, eliminating unnecessary touch points. Producers simply enter information once, the data is shared across the necessary forms and applications, and the submission is securely submitted, delivering rapid turnaround for their clients.”
Wave Insurance Technologies Inc. (which does business as AVYST) provides “sales and risk management solutions to efficiently manage an account throughout the application and submissions process,” said Wave, which is headquartered in Dallas, Tex., and Aurora, Colo.
Source: Argo Group International Holdings
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