The Automagic™ release focuses on using our underlying workflows and communication tools to automatically create new value for agencies and carriers, no workflow changes required. With automated interaction capture, enhanced status tracking, and intelligent document management, the internet of insurance just automated errors & omission (E&O) documentation, and that’s just a part of it.
E&0 insurance is a type of liability insurance that protects agencies and their teams from claims of inadequate work or negligent actions, and E&O documentation is the record of all work done around a submission in order to limit exposures.
One of the challenges that agents have been talking to us about is this endless documentation; grabbing all the info about a given submission in one place so agents can be protected from E&O exposures. The Internet of Insurance now does that work for agents in our new documentation tab, and one great thing about it is that it’s easily exportable.
With the new document management, we’re automating document tagging, giving agents and underwriters a central place to distribute documents, and enabling you to easily search or filter the documents you’re interested in. It’s a truly powerful feature and another way we’re bringing the Internet to Insurance.