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.
“Delivering a real-time experience via API is the future”, comments Dimitri Nikouline, Chief Technology Officer at Appulate. “Cutting edge carriers like HSB are at the forefront of this new frontier,” adds Nikouline.
“Appulate is providing significant value for our agent and broker partners,” said David Schraeder, Chief Business Development Officer at Hartford Steam Boiler. “This is just one more way HSB is meeting agents where they are, reducing duplicate data entry to create efficiencies, making it easier than ever to transact business,” notes Schraeder.
Appulate’s technology bridges data from the agent’s management systems into a highly automated workflow to minimize data entry and save time and resources. This automates the entire submission process for CSRs, Retail Agents, Carriers, and MGA’s, in a Rate, Quote, Request to Bind transaction, eliminating duplicate efforts & creating an audit trail.
With the largest network of independent agents in the United States, representing roughly 80% of all independent agencies, Appulate creates the ultimate platform that powers the digital aggregation of property and casualty business between independent insurance agents and insurance markets.
Visit Appulate at www.Appulate.com
About Hartford Steam Boiler (HSB)
HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.com and connect on LinkedIn, Twitter and Facebook.