A Self-Service Quote Generation Portal

Insurance prospects and customers have to go through multiple steps to receive a quote from agents. Often, the quotes are not personalized to their needs and rarely do they get a chance to compare quotes from multiple vendors. Insurance companies long for a portal that gives them access to a large number of interested buyers.

Damco’s InsureQuote, a customizable self-service portal designed to support Quote/Sale operations, solves such concerns. It allows users to answer policy-specific questions to receive multiple quotes specific to their needs. They can then compare, select, and purchase from the list of quotes. It allows agents to receive customer requests, create quotes, guide prospects/customers, and sell policies through the application. It enables a B2C portal for customers that can also be used by B2B users to manage the quotations while connected with the core brokering system. The portal also has a point of sale (POS) function to allow end users to buy policies digitally. The straight through processing (STP) and non straight through processing (NSTP) workflows are configurable to provide end-to-end solutions for an insurance entity.