HSB Launches Real-Time Rate / Quote / Bind Via Appulate

Agents and Brokers Can Now Upload ACORD Data and Receive Instant Quote For Equipment Breakdown Coverage

Westlake Village, CA – April 21, 2021, 12:10 PM EST Hartford Steam Boiler (HSB) has launched real-time rate / quote and bind for retail agents and brokers using Appulate.

With this innovation, agents and brokers can obtain an instant quote for equipment breakdown risks by using Appulate’s technology. The process begins in the agent or broker’s management system where they use Appulate to upload ACORD data directly from their management system. ACORD is the industry standard associated with property and casualty insurance and is produced directly from the agent’s management system. The uploaded data interacts with HSB in order to create an instant quote. Provided the agent is satisfied with the quote, they can also bind online to complete the transaction. Read more

How to Improve Your Agency Management System

As technology advances, so should your company’s agency management system. If you were to evaluate your company’s overall success, you would be drawn to the data stored within your agency management system to determine the real numbers. With that in mind, having the proper software implementations and digital resources available to retrieve and process data is essential. In this article, we will determine what a healthy agency management system looks like, how the proper evaluations, upgrades, and user interactions are vital, as well as the next steps that you can take to improve your agency management system now. Read more

How an API Works

Many major companies are diving into API. In this article, we will discuss what an API is, its benefits to the insurance industry, and how MGAs and Carriers are using API to create a more effective workflow and become more successful. Let’s start by uncovering the mystery of API and see why everyone is so excited about it. Read more

The Future of Loss Run Request

As we know, standard loss run requests are conducted by sending a letter to previous insurers or brokers asking for detailed policy information which includes a disclosure of all claims processed – a very time-consuming process. Loss run requests of the future will provide a more streamlined approach and provide more discretion for the insured requesting to obtain the necessary data. How will this process be enhanced in the days, months, and years to come? Or, has this innovation already been implemented? In this article, we will discuss what the future of loss runs will look like, how it will benefit the insurance industry, and how you can get your business on board with it NOW! Read more