Hubio releases new Bordereau solution to automate commercial lines specialty programs
Bordereau solution to automate commercial lines specialty programs
May 5, 2020: Hubio Technology (Hubio), a provider of Property and Casualty (P&C) insurance technology solutions that enable frictionless transactions, is pleased to announce the launch of communic8 Bordereau, a new extension to the prevalent communic8 insurance data integration platform.
communic8 Bordereau streamlines the traditional process where Managing General Agents (MGAs) submit insurance transactions via bordereau to insurance carriers, unlocking more straight-through processing capabilities. This Software-as-a-Service (SaaS) technology solution enables secure transmission, automated data validation and underwriting compliance for commercial lines insurance companies.
The solution dramatically improves the quality of data exchanged and speed of service to the MGA and policyholders. Carriers will benefit from automation of tasks that are traditionally manual, tedious and repetitive, allowing their policy processing teams to spend more time on underwriting and service. At bordereau submission, MGAs will also receive immediate feedback on critical issues, thereby minimizing back-and-forth communication with the carrier. communic8 Bordereau was designed as a SaaS cloud-native application to be easy to implement, maintain and use in order to deliver immediate Return On Investment (ROI).
Nicholas Yee, Chief Strategy Officer at Hubio commented, “This extension of communic8 is the result of extensive feedback from our valued customers and a logical evolution of our product portfolio towards more intelligent automation. Combined with our strategy to convert all our products to be SaaS-based, we are rapidly delivering greater value for our customers, who are under increasing pressure to become more nimble and efficient”.
About Hubio Technology
Hubio connects P&C insurers to partners and customers, through technology that drives growth, reduces costs and improves customer experience. collabor8 and communic8 are components of Hubio’s cloud-native SaaS insurance digital platform, enabling insurers and brokers to service their customers in a cost-effective, timely, accurate manner. Hubio has provided digital solutions to Canadian P&C insurers for two decades. Please connect with us on LinkedIn or Twitter.
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