Insuranceciooutlook

Top 10 Broker Management Solution Providers 2017

Agents and brokers are experiencing a significant shift in the way they operate due to the various technological disruptions taking place within the insurance landscape. Digitization and automation of business processes have become a necessity to provide the personalized customer experiences. To this end, insurance agencies are adopting broker management solutions to help agents and brokers stay on par with the technological disruptions and achieve better productivity. These solutions help them simplify insurance processes, estimate and manage risks, provide advice on insurance policies which precisely fit as per the customer requirements, and advocate settlement of claims.

With the decline in face-to-face contact and more of information exchange taking place on social media, the broker management solutions come integrated with social media platforms, enabling brokers and agents to reach out to targeted customers easily. Also, taking notice of growing importance of smartphones in one’s daily life, these solutions are developed with mobile-friendly architecture and easily accessible through mobile devices to facilitate better customer engagement. The data analytics feature of these solutions helps insurance agencies categorize their weaknesses and strength to increase their productivity and streamline their business operations. Additionally, data analytics can also help them locate their target audience and plan strategies to reach out to them. In a nut shell, the broker management solutions adopt myriad of other technologies as well, including IoT, cloud, machine learning, artificial intelligence and more with a singular aim of supporting insurance agencies facilitate better customer service and deal with the upcoming challenges.

Taking all these factors into consideration, Insurance CIO Outlook has outlined top 10 companies offering cost-effective and best-of-breed solutions for broker management which helps agents and brokers who look forward to engaging with customers and grow their business.

We present you “Top 10 Broker Management Solution Providers - 2017.”

Company Logo Company Name Company Description
Ajasent Independent provider of technology, data security and hosting solutions for the insurance industry
Contactability Leading insurance ad-tech company focused on delivering targeted, high-intent traffic to the insurance industry for customer acquisition
Cortaga Cortaga provides insurance brokers a safety and loss control platform for clients with auto fleets
Ebix, Inc. One of the leading international suppliers of software and e-commerce solutions to the insurance industry
GBS Develops software solution to help agents and agencies reach their maximum productivity through superior contact management and commissions accounting
Insurance Technologies Corporation Provider of agency marketing, rating and management software and services to the insurance industry, including independent agents and insurance carriers
Jenesis Software Offers insurance software solutions to help insurance agents manage existing clients, market to potential prospects, increase efficiency, and manage money
Novidea Delivers real-time business intelligence and seamless workflow management for brokers and insurance agents, for managing the entire insurance distribution lifecycle across all lines of business
VUE Software Offers flexible and configurable solutions that improve efficiency, reduce costs, and increase revenue
Zywave Provider of HR and benefits compliance software for brokers, payroll companies, private employer organizations (PEOs) and employers