Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and specialty insurance segments.
The new group, called the InsurConneXtions Alliance, is working with insurance technology firm Patra.
The initiative will begin its collaboration by focusing on improvements to policy checking, according to the announcement. Policy checking is a process for validating the accuracy of policy documents across carriers, wholesalers and brokers.
“As we have seen the successful digital transformation in other industries, the insurance industry will need to rapidly adopt technology to drive efficiencies and economic value for our customers,” said Neil Kessler of CRC, in prepared remarks. “The more technology we can integrate and embed within the services we provide, the better user experience we will bring to all stakeholders within the value-chain.”
“The need for insurance leaders to collaborate on technology has never been more important and this InsurConneXtions will be an important and strategic contributor,” said John Simpson, CEO and founder of Patra.
California-based Patra is known for its CertVault, is a cloud-based system for the delivery of certificates of insurance. It serves retail agencies, managing general agents, wholesalers and carriers with insurance processing, contact support and account management services.
After the initial focus on policy checking, the alliance will decide on the next set of services on which to collaborate, along with whether to expand the Alliance
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