Full Cycle Insurance
Full Cycle Insurance Many insurers and intermediaries have deployed online insurance applications that enable users to obtain quotes and purchase policies for a range of personal line and commercial line products. The policy details are then transferred to the insurer’s back-end system. Discover IT has developed and deployed many such applications. The more compelling application that demonstrates more complete engagement of the Internet provides brokers and agents, and also end user customers, with their own log-in to allow the processing of policy adjustments, renewals, and cancellations, directly online. Discover IT has developed, deployed, maintains and operates a number of systems in which the complete life-cycle of insurance policies (New Business, Mid-Term Adjustments, Renewals, Lapses, and Cancellations) can be administered directly online . . . online "full cycle" insurance applications. Brokers, agents and clients have the flexibility to administe...