Regional brokers and insurers including Axa Insurance, Equity Red Star and Markerstudy are supporting the launch of a new end-to-end software platform.
Wanna Insure said the software delivers greater control and improved customer service by reducing the development costs and implementation time for products inherent in legacy software house solutions.
Wanna Insure is targeting scheme and specialist brokers and their insurer partners with a trading solution requiring low capital expenditure but offering the opportunity to generate back-office efficiency savings of 30% within three months and boost business growth by launching products or changing existing products at a lower cost and with reduced development time.
Wanna Insure said it plans to expand into other sectors and markets as it grows.
The platform runs on legacy-free, innovative software called Wanna Soft, designed in partnership with the insurance industry and offering more flexibility and access for both brokers and insurers.
The platform provides a full self-service web-portal so customers, as well as call centre agents, can manage the policy online.
The broker is able to control pricing in real time, manage customer service via the inbuilt workflow and document management tools, run marketing campaigns and automate internal processes to maximize efficiency and business growth. Insurers can access account performance statistics and update rates directly in real-time.
Stuart Gaiger, IT director of Wanna Insure, said: "For many brokers and insurers the ability to take full advantage of a dynamic or new market is still hampered by the excessive delays and high costs associated with legacy software houses' internal processes. These can have a direct impact on a broker's bottom line and for smaller intermediaries the issues are even more acute."
Mr Gaiger continued: "By giving greater control and access to tools that help to maximise the benefits of a faster, flexible and cost-effective solution they can optimize their new business activity. For example, regional scheme brokers can access national niche markets more quickly without the disproportionate costs they currently face."
One of the first brokers to sign-up to the platform is Profile Insurance Services, a scheme broker based in Northamptonshire.
Mick Jacobs, managing director of Profile said: "We need a platform solution that supports our business objectives rather than hinders them. Having invested the expertise and resources in designing a scheme or identifying a new market, we need to have a product up and running quickly to avoid missing out and wasting the investment. Wanna Insure allows us to bring the product to our market quickly and at a much reduced cost."
Steve Stone, niche underwriting manager at Markerstudy, said: "Management information is a crucial part of the platform offering, as well as the opportunity it affords to automate transactions. We will continue to work with the Wanna Insure team as the platform grows to offer relevant products benefiting from their responsive approach
Wanna Insure is targeting scheme and specialist brokers and their insurer partners with a trading solution requiring low capital expenditure but offering the opportunity to generate back-office efficiency savings of 30% within three months and boost business growth by launching products or changing existing products at a lower cost and with reduced development time.
Wanna Insure said it plans to expand into other sectors and markets as it grows.
The platform runs on legacy-free, innovative software called Wanna Soft, designed in partnership with the insurance industry and offering more flexibility and access for both brokers and insurers.
The platform provides a full self-service web-portal so customers, as well as call centre agents, can manage the policy online.
The broker is able to control pricing in real time, manage customer service via the inbuilt workflow and document management tools, run marketing campaigns and automate internal processes to maximize efficiency and business growth. Insurers can access account performance statistics and update rates directly in real-time.
Stuart Gaiger, IT director of Wanna Insure, said: "For many brokers and insurers the ability to take full advantage of a dynamic or new market is still hampered by the excessive delays and high costs associated with legacy software houses' internal processes. These can have a direct impact on a broker's bottom line and for smaller intermediaries the issues are even more acute."
Mr Gaiger continued: "By giving greater control and access to tools that help to maximise the benefits of a faster, flexible and cost-effective solution they can optimize their new business activity. For example, regional scheme brokers can access national niche markets more quickly without the disproportionate costs they currently face."
One of the first brokers to sign-up to the platform is Profile Insurance Services, a scheme broker based in Northamptonshire.
Mick Jacobs, managing director of Profile said: "We need a platform solution that supports our business objectives rather than hinders them. Having invested the expertise and resources in designing a scheme or identifying a new market, we need to have a product up and running quickly to avoid missing out and wasting the investment. Wanna Insure allows us to bring the product to our market quickly and at a much reduced cost."
Steve Stone, niche underwriting manager at Markerstudy, said: "Management information is a crucial part of the platform offering, as well as the opportunity it affords to automate transactions. We will continue to work with the Wanna Insure team as the platform grows to offer relevant products benefiting from their responsive approach
Read more: http://www.postonline.co.uk/post/news/2035705/insurance-software-platform-launched#ixzz1Ha60rWlS
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