Myth Busters: expedite Edition

Myth Busters: expedite Edition

Posted by Tracie Hummel on Jul 20, 2018 11:43:55 AM
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bustedThere's a huge misconception out there: 4 out of 5 carriers believe that ePolicy Delivery is either too hard or big of a project to tackle. But it's not without good reason. Carriers are faced with a variety of road blocks when implementing ePolicy Delivery, and we are removing them with expedite. Here are some of the most common myths we hear about when helping clients implement ePolicy delivery.

Myth #1: No ACORD standard file
Unlike other eDelivery vendors or solutions, expedite doesn't bind you to sending data a specific way. No ACORD file? No problem. expedite allows carriers the freedom to use their own existing transactions, our API or theirs, or even start the eDelivery process via secure email where expedite can parse the data and attachments. 

Benefit to you: Reduces both internal resources and time-to-market for offering an eDelivery solution. 

Myth #2: Not PDF Ready
Whether a carrier is building their own eDelivery solution or using a third party offering, the biggest hurdle is usually getting all of their policy documents ready to send. This process encompasses preparing documents in PDF format with filled data, as well as getting the documents in the right order to build the delivery package. expedite can quickly and easily solve this problem by templatizing and storing documents in our library and then applying rules to fill in data and compile the document package in the right order. This process also supports adding ad hoc documents and dynamically applying these to the consumer experience to collect additional data and more. 

Benefit to you: Dramatically reduce the internal resources and dollar spend required to get ready to offer eDelivery to your customers. 

Myth #3: Limited Project Time
One of  the biggest myths surrounding ePolicy delivery is that the project is massive and will take a year or longer to be completed--not with expedite! The IFS team has been successful in helping carriers reduce the project time required to implement ePolicy delivery, and in some cases allowing carriers to get their first electronic policy out the door in less than 90 days.

Benefit to you: Immediately provide significant ROI, frees up internal resources for other projects and provides a quick technology win.

Interested in busting the myths of ePolicy delivery with expedite? Complete the form here and we will be in touch!

Topics: FinTech, insurtech, expedite, eDelivery

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