The strength of the Quomation Online Application Upload Program is in its integration of existing systems and tools.

The core of the process is the company’s own application. Using the carriers’ current home or auto application greatly reduces the training associated with new technology and also reduces the changes to the carriers’ internal processes.

Agencies are familiar with the carriers’ application and its’ implications for underwriting. Agencies already have numerous specialized procedures on how to submit business to a company – using the company-specific application (or ACORD) eliminates any additional specialized information handling. Agents merely complete the application. All of the company underwriting rules are built-in so no application can be submitted unless it conforms to the company’s standards.

Companies have previously integrated the information in the application into their established systems. Using the Quomation Online Application Upload Program minimizes internal changes and requires little or no modification to internal processes.

There are many reasons to adopt an online application upload system. The Quomation online uploads significantly reduces input errors and eliminates most of the processing and wait time associated with standard paper applications. Paper-based applications that are processed via standard mail average from six to nine business days from agency completion to policy issuance - barring input errors. In addition, application uploading eliminates follow-up work on incomplete applications and the incremental costs associated with data entry errors. In addition, carriers that are transitioning systems or moving from had-written paper applications send a very strong marketing message to their agencies that they are doing their best to make their agents more productive and more profitable.

Agencies simply use Quomation’s PowerQuote comparative rater to generate the quote. A single button click loads the quote information into the carrier’s application (or ACORD) form. The agent finishes the application process (general questions and information not normally required for quoting). A single “Upload” button transfers the information from the agency via web to the insurance carrier. Options are provided to also upload any additional forms, files or photo’s that may be required for the application and underwriting. The agent also has a desktop link that verifies that all of the clients and their files have been correctly uploaded.

The Insurance carrier receives all uploaded information either via printout or directly into the carriers server. Upon upload, third-party information such as credit scores, CLUE reports, and MVR’s can also be ordered and attached to the uploaded application. When the information is received by underwriting, all of the information required to determine eligibility is attached to the client file. In addition, email notification to the agent and many other custom features are built in. Tracking reports can also be generated to follow and audit the entire process.

Quomation’s Online Application Upload Program is the least invasive on company personal and the most cost effective upload solution on the market.