Thousands of dollars of revenue can be at stake with any given quote scenario
Dallas, TX (PRWEB) September 27, 2011
Quantum Integrated Systems’ RealTimeExpress® comparative rater just got a big speed boost for online quoting of small business owner policies from CNA, one of the nation’s largest commercial insurers.
Quantum Systems and CNA have completed an extensive project that added XML technology to many of CNA’s commercial insurance classifications. As a result, insurance brokers and agents using RealTimeExpress throughout the United States are getting faster online CNA quotes for Small Business accounts.
Mark Van Horn, president of Quantum Integrated Systems, said the substantially improved performance is already helping insurance professionals become more competitive.
“The purpose of a comparative rater is to help agents and brokers get accurate, bindable quotes as quickly as possible,” Van Horn said. “In this business, every minute we can cut out of the process is money in the bank for field agents operating in a very competitive environment.”
Comparative raters allow agency sales staffs to input data one time and receive quotes from multiple commercial insurance carriers in a matter of minutes. Agents save time and avoid potential errors by not having to input data into multiple carrier rating engines in order to get multiple quotes for one customer.
According to Belen Tokarski, assistant vice president of Technology and Agency Solutions for CNA Small Business, decreasing processing time for online quotes also puts CNA in a stronger competitive situation. “Thousands of dollars of revenue can be at stake with any given quote scenario,” Tokarski said. “The agent who can produce the best quote in the least amount of time has a great advantage, so this project was a high priority for CNA.”
Van Horn continued, “This was a team effort all the way. It’s good for Quantum and CNA, but the real winners are the commercial insurance agents who count on RealTimeExpress to help them do their jobs.”
About Quantum Integrated Systems
Quantum Integrated Systems, a leader in SEMCI development and supplies a wide range of software products and services to the insurance financial services industries. Established in 1991, the company’s flagship RealTimeExpress Software as a Service comparative rater product streamlines the quoting process for commercial insurance agents. Corporate Website: http://www.realtimeexpress.com
Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all states. CNA is registered trademark of CNA Financial Corporation. For more information, please visit CNA at http://www.cna.com.