WHAT ARE THE BENEFITS OF HAVING RICH DATA?
Putting
fantastic
data into
perspective.
For many forward-thinking risk and insurance teams, the
digital transformation of manual processes is a major
objective. In our view, digitizing commercial-insurance
renewals holds some of the greatest potential for a strong
return on the investment in new technology solutions.
If you're reading this ebook, you already know how
complex and time-consuming the manual management
of the renewals process can be. The latest generation
of automated renewals solutions, however, dramatically
simplify and speed up this process. Here are a few of the
features you should expect from a renewals solution to not
only streamline your renewals, but also ensure the high
quality of data collected:
» Easy management of renewal contacts with automatic
user provisioning (defined as the creation, modification,
disabling, and deletion of user accounts across IT
infrastructure and business applications)
» Task reassignment and section delegation to ensure the
right contact completes the questionnaire
» Validation on entry and variance commentary to minimize
manual errors and confirmation cycle for change reasons
» Formal approval process with signature to confirm values
» Automatic reminders and comprehensive overview of
submission status
VENTIV RENEWAL PROCESS – A ZEN GUIDE
|
7
