Toronto, ON (July 17, 2019) \u2013 Apollo Insurance, Canada\u2019s largest online insurance marketplace, is pleased to announce that the Exchange now offers carriers the ability to automatically generate bordereaux.<\/p>\n
Bordereaux generation has been a major friction point for brokers and MGAs across Canada, as they have traditionally had to be manually compiled for binding authorities or Lineage upload. Through the Exchange<\/a>, those reports can now be produced with the click of a button.<\/p>\n \u201cBy collecting digital application forms, we are able to route and create bordereaux on any product, binding authority, or program \u2013 including those on Lineage and other upload sites,\u201d says Apollo CEO Jeff McCann. \u201cI\u2019ve met brokerages and MGAs with teams of people doing data entry for monthly bordereau reporting, this is a very costly function with no value add to the consumer. This function saves partners who are on the Exchange many hours of manual data entry. This is transformational, and goes directly to the bottom line\u201d<\/p>\n This latest addition adds to the Exchange\u2019s already powerful data analytics and CRM capabilities.<\/p>\n Apollo Exchange not only gives brokers more access to products, it also offers a new distribution channel and access to data for brokers and MGAs who partner with the Exchange. Apollo can custom build any insurance program for application only or including quote, bind, policy issuance and payment settlement.<\/p>\n \u201cWe are more than just technology or distribution with our insurer partners \u2014 we are consultants who provide insights into the performance of their products that insurers have never had before,\u201d says McCann.<\/p>\n Where traditionally, application data has been locked in outdated PDF application forms, Apollo Exchange is able to collect, analyze, and report data insights. Beyond immediate and automated bordereau generation, that data can be used to optimize more accurate risk rating, distribution strategies, and pricing.<\/p>\n \u201cIt is important for us to adapt to changing expectations of buyers and the next generation workforce,\u201d says McCann. \u201cApollo Exchange takes a whole new approach by combining technology, insurance capacity, and content marketing services.\u201d<\/p>\n About Apollo Insurance Solutions<\/b><\/p>\n Apollo is Canada\u2019s largest small business insurance marketplace. Through the Apollo Exchange<\/a>, brokers can quote, bind, and issue policy documents for hundreds of classes of small businesses from Canada\u2019s leading carriers. Brokerages are also able to white label the platform and sell directly from their brokerage website.<\/p>\n Learn more about Apollo in the InsurTech Spotlight<\/a>.<\/p>\n For additional information, visit story.apollocover.com<\/a>.<\/p>\n Source: Apollo Insurance<\/em><\/p>\n Tags: Apollo<\/a>, Bordereaux<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Toronto, ON (July 17, 2019) \u2013 Apollo Insurance, Canada\u2019s largest online insurance marketplace, is pleased to announce that the Exchange now offers carriers the ability to automatically generate bordereaux. Bordereaux generation has been a...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16045"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16045"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16045\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}