i-Wonder Aggregator Services Limited (i-Wonder) has launched its ‘Quote Portal‘ at BIBA 2015 for insurance broking businesses that rely on rates obtained from multiple insurer and wholesaler extranets along with guide products, improving efficiency by eliminating rekeying completely.
Steve Young, Chief Executive, i-Wonder, said, ‘The Quote Portal refocuses our established iPAS B2C aggregator technology into the broking community, reducing the typical time it takes to obtain a panel of quotes for risks such as Taxi, Motortrade, Courier and PMI from over 30 to under 5 minutes.
‘Guide products can be cost effectively added to the Portal using the infinitely flexible rating engine offered by its sister company, Theinsurercloud.com. To completely eliminate rekeying (and reduce operator error), the Portal is integrated with the majority of back office platforms.’
The Portal currently quotes rates from more than 20 markets covering multiple business classes, to find out more and see a demonstration, visit i-Wonder at stand G15.
Andrew Tatton, Director at Fresh Insurance said, ‘Fresh were seeking a technology solution to help grow our relatively new Road Risks division. We knew we could generate the enquiries, but having to rekey the risk into multiple extranets and consult a number of rating guides before being able to give the prospect a competitive rate made the process very time consuming and additionally increased the new staff training requirement.
‘We needed a solution that would integrate with our OpenGI back office and, knowing that i-Wonder was experienced with B2C aggregation of more specialised risks, worked with all the major software houses and had already delivered their Quote Portal for Taxi risks we approached them for a solution. We were pleased with the partnership approach taken by i-Wonder during the delivery phase of the project and, having gone live in January of this year are very pleased with the results. Our Road Risks team can handle substantially more enquires per head and conversions have increased significantly. We are looking forward to continuing to work with i-Wonder to maximise the benefits the Quote Portal can bring our business.’
Alastair Christopherson, Director at County Insurance said, ‘County Insurance wanted to replace the traditional time consuming method of obtaining competitive quotes for risks such as Taxi, Courier and Motor Trade with a technology solution that took away the need to rekey a risk multiple times. We knew that removing the need to rekey and consult rating guides would produce substantial efficiency savings and increase conversions simply being able to provide a prospect with the best rate from 20 or more markets in 5 minutes rather than calling them back would see sales rise.
‘We selected i-Wonder to provide the solution because we knew they were experienced with B2C aggregation of more specialised risks, and 12 months after going live with Taxi we are very pleased with the results. Additional products are now being added to the Portal, which we see as the way forward for any risk that requires staff to access rates from multiple sources.’