i-Wonder has recently completed a direct integration with the Collingwood insurer extranet. Collingwood taxi rates can now be called directly from the i-Wonder Quote Portal, without the need to re-key data.
Two weeks ago Collingwood agreed to allow the i-Wonder portal to directly call its existing Insurer Extranet site to obtain taxi quotes. Less than two weeks later, the integration is complete and the rate has been published on the live i-Wonder portal.
The Quote Portal eliminates the need to re-key data by integrating with a broker’s back office system and insurer extranets. When a direct integration with an insurer extranet is not established the risk data still needs to be re-keyed. We understand that this is frustrating for our brokers and can result in less business for our insurer panel members.
“Our intention is to work with as many insurers as possible that can support a direct integration with their extranet site.” explains Alex Williams, Sales Director. “We were able to complete the Collingwood integration in under two weeks. We highlighted the minimal work effort required by Collingwood, and almost all the work was conducted by i-Wonder. We are confident that Collingwood will see an increase in business written through the portal”.
How the Quote Portal works
The Quote Portal provides a simple front-end for sales staff in any brokerage, insurer, or broker network. Risk details are entered into the portal once via a simple web-based data entry form. Quotes are then collated from multiple sources to include integrations with software systems (OGI, SSP, Acturis, Applied) and insurer extranets. The cheapest rates are then displayed on screen in a similar manner to a comparison website. The sales advisor can then offer the customer the most appropriate rate, and click through to the insurer extranet site to finalise the sale.
Our quote portal clients enjoy faster quote speeds, leading to higher sales. They are also able to offer customers more competitive rates as full comparisons across the market are made for every quote.
Benefits for insurers
The Portal ensures that the entire panel will be contacted to quote on every risk. This increases exposure for the insurer and can lead to an increase in new business. For direct integrations the broker no longer has to re-key quote data into the insurer extranet after generating the quote via the portal.
i-Wonder currently works with 27 insurer panel members generating in excess of £40m GWP per year. We have 12 live portal clients including Brightside, County and A-Plan.
We’re always looking for new clients and insurer partners for our Portal and comparison websites. If you’d like to increase your exposure and reach new customers then contact us today to find out how to join our panels.
About Collingwood Insurance
Collingwood Insurance Company Limited, is a Gibraltar based specialist motor insurer established in 2003 and writing carefully selected business in the UK through insurance intermediaries. It is licensed by the Financial Services Commission in Gibraltar under the Financial Services (Insurance Companies) Act to carry on insurance business in Gibraltar.
Solvency
The Group has always been, and is projected to remain, significantly above its Solvency Capital Requirement ‘SCR’. As at 31st March 2018, Collingwood’s Own Funds as a proportion of its SCR were 137%