|
Here's the straight scoop on what you can expect from WinRater when managed competition rolls around next April. If you have ANY questions, please don't hesitate to call us for further information or clarification.
What will not change:
• Your ability to quote accurate premiums for all carriers writing Mass. auto. Whether their rating is straightforward or multivariate, WinRater will give you comparative rates in seconds.
• WinRater's simple point-and-click interface and all the time-saving features that have improved your workflow for over 12 years.
• Integration with agency and carrier systems. You will still enjoy seamless integration with your agency management system and your carriers' processing systems.
Exciting changes that are headed your way:
Not only will WinRater continue to offer the performance and reliability that have made it the rating tool of choice for over 90% of Mass. agents, but we're hard at work to make it better than ever. Here's what we're up to:
• Research and collaboration We've reviewed the final auto regulations thoroughly. We've had lengthy discussions with carriers, agents, CAR, and software vendors and have attended many steering-committee meetings.
• New dedicated technical team We've hired programmers, a software architect and a project manager to ensure we meet the ambitious timeline set by the Commissioner. Design and coding have already begun.
• New business submission We're building a new, improved system for uploading/submitting new business apps to carriers and MAIP.
• Electronic submission to the assigned risk pool You'll be able to electronically submit risks to the new Massachusetts Auto Insurance Plan (MAIP).
• MAIP Cession Model for eligibility We're working on a built-in cession function that will let your carriers tell you what business they want to write voluntarily and what they want to cede to the assigned risk pool.
• Improved RMV connection You'll need validated driver, vehicle, and policy information when quoting in the new environment. We're working on a faster, smoother connection to the RMV for retrieving MRB data.
• Real-time rating We're hard at work on real-time rating, and carriers are, too. This will be a joint effort, as we can provide real-time functionality only when a carrier is ready on their end. We'll keep you informed as we gather specs and determine which carriers are truly ready.
• Web Rating Tool We're also building a rating tool that you can embed on your agency website for your insureds and prospects to explore pricing and coverage options. This is not a web rating system, but rather, will provide sample "profiles" of risks, coverages, and premiums in the new auto market.
Want more information?
Give Tonya or Charlie a call at 781.449.8585.
Visit Lane Change, our managed competition blog, at http://lanechange.bostonsoftware.com for all kinds of information and opinions.
|