Bringing Greater Agility to the Exchange of Policy Data

Human beings have proven themselves to be good at many different things, and yet there remains little that we better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new insurtech themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

NEXT Insurance, one leading digital insurtech company transforming small business insurance, has officially announced integration with Ivans Download for General Liability and Workers’ Compensation policies. According to certain reports, the stated integration will ensure a quick and smooth exchange of policy data between NEXT and its appointed agents. Such a functionality means, any time a policy change occurs, the company has to worry about nothing but sending the associated details, such as customer information, limits, coverages, new policy sales, cancellations, reinstatements, premium changes, etc., directly to the agents’ Ivans Exchange account. To compliment the whole value proposition, the integration will also provide hourly access to policy changes, along with complete flexibility for agents to choose when and how often to download policies into their Agency Management System. Another feature worth a mention here would be how, once configured in their agency management system, agents’ accounts will update on their own. This, in particular, should make any manual data input or processing of bound policies largely redundant.

“NEXT was built on the premise that technology can provide a seamless experience for small businesses, and agents play a key role in helping our customers get the coverage they need,” said Jack Ramsey, VP of Agency Business at NEXT Insurance. “Reaffirming our commitment to agents, we strive to ensure their experience is just as easy and efficient as it is for our customers. NEXT’s Ivans Download integration is a natural progression towards achieving that goal.”

Founded in 2016, NEXT Insurance’s rise is rooted in an industry-leading ability to apply AI and machine learning for simplifying the procedure related to insurance purchase, while simultaneously providing more affordable coverage options. Offering a 24/7 access to Live Certificates of Insurance, the company is, at the moment, serving over 450 thousand business owners. However, NEXT Insurance’s excellence in what it does can also be validated by the fact that it has been recognized by esteemed compilations like CNBC Disruptor 50, Forbes Fintech 50, Inc.’s Best-Led Companies, and Forbes Best StartUp Employers.

As for what makes Ivans Download an ideal partner here, the answer will begin and end at its advanced end-to-end application, which can automate the exchange of policy information between carriers and MGAs and their agent partners. The solution’s credibility is only helped further once you consider it comes from Ivans’ umbrella of solutions, a company which has connected more than 34,000 independent insurance agencies, as well as an estimated total of 450 insurer and MGA players.