Specialty re/insurer Argo Group International Holdings, Ltd has adopted technology from insurtech firm AVYST to improve the efficiency of its retail distribution processes.
AVYST’s bi-directional forms system, eForms Wizard, enables clients and brokers to enter risk details just once, at the source, for automatic processing by Argo.
By using this technology, Argo hopes to eliminate the many paper-based step of conventional point-of-sale business, thereby reducing mistakes and increasing efficiency.
“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, a member of Argo Group.
“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,” Grose continued.
“It also allows Argo to gather large volumes of data effortlessly, which fuels our risk analysis and exposure management.”
Marc Still, CEO of AVYST, also commented: “Brokers and agents have long been able to submit risks to Argo through multiple channels across the company’s business lines.”
“Our software is designed to integrate with other solutions to streamline the submission process, eliminating unnecessary touch points,” he added.
“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.”