Using Technology to Rejuvenate the Entire Idea of Insurance

The human arsenal has always been expansive beyond all known limits, but at the same time, it hasn’t touched on anything more significant than that desire of ours to improve at a consistent pace. The stated desire has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is centered on its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by 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 made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.

Zywave, an industry-leading provider of insurtech solutions, has officially confirmed the launch of new API capabilities that will help insurance companies optimize their data-driven opportunities throughout the entire prospect-to-client journey. According to certain reports, these capabilities begin from Leads Insights API, which is designed to completely reinvent your prospecting and sales processes. It will do so by delivering uninterrupted access to the extensive customer data known for powering Zywave’s industry-leading lead generation solution. This is a significant detail, considering the stated dataset, named miEdge, can ensure advancement of company’s searches, identify key contacts, and offer critical insights into employer compliance data for millions of employers nationwide. Next up, we have the Personal Lines Quoting API. Basically a one-stop shop for quoting auto coverage, the API here is meant to help you enhance your rating processes and maximize operational efficiency, and guess what, the user will be able to achieve the laid out objectives without having to go out of their existing technology platforms. To further complement the solution, Zywave will let it have carrier-direct pricing from our over 200 insurer partners in all 50 states. Moving on to the all-new Policy API, this one should make the key policy information flow rather smoothly between critical technology platforms, such as customer relationship management systems, agency management systems, benefit admins, compliance systems, or carrier portals. Throw in the API’s well-structured format; it will enable companies to put-together a single source of truth, as far as policy-related details are concerned. Another new capability we need to talk about here is Zywave’s Group Benefits Quoting API which is there to assist brokers in regards to quoting medical and ancillary lines of coverage more efficiently, and just like the Personal Lines Quoting API, it will allow you do the job directly within your existing systems. Enjoying carrier-direct pricing from over 500 benefits insurers, the solution boasts the necessary means to quickly and accurately quote over 55,000 fully funded and level-funded medical, dental, and vision plans.

“As insurance workflows have become increasingly sophisticated in recent years, APIs have played an even more critical role in the industry, enabling seamless integration between various systems and platforms,” said Jason Liu, CEO at Zywave. “At Zywave, our philosophy on open architecture emphasizes the importance of industry partnerships and collaboration, which has led to the development of new solutions that help insurance brokers, insurers, and service providers optimize their operations.”

Hold on, there are still a few bits left to unpack, as we now turn our attention to the Content API, which will be responsible for sending Zywave’s industry-leading content directly into its customers’ client portals. The stated content will include over 10,000 pieces of attorney-backed and expert-curated content on topics including compliance, risk management, human resources, wellness, and more.  Rounding off the highlights is a brand-new Benchmark Analysis API, an API that will provide data insurers and commercial brokers need to enhance their benchmarking and loss analysis capabilities. Operating on the back of Zywave’s Loss Insight dataset, the Benchmark Analysis API covers Cyber, D&O, EPLI, and Casualty loss data on over one million high-severity losses valued at more than $10 trillion.

Founded back in 1995, Zywave made a name for itself by servicing companies with cloud-based sales management, client delivery, content, and analytics solutions. The company’s customizable and easy-to-use technology means, at present, it has the trust of more than 15,000 insurers, agencies and brokerages worldwide including all the top 100 U.S. insurance brokerages.