If you were to Google the word most associated with insurance in recent years, it may very well be this one: analytics. Insurance has always required data analysis, but modern tools have dramatically changed what’s possible and what’s necessary.
Here at NetRate Solutions, we are making it simple for MGAs, program administrators and insurance carriers to enter, analyze and report data. We know you need to continually measure your performance to meet the expectations of shareholders, business partners, and policyholders. Regulators and business partners also require regular reporting. If you don’t have the right system in place, it can be a real pain to get a sense of how you are performing against your key business metrics, or to quickly pull together reports.
Here are several ways our solutions take the pain away:
Dynamic real-time, intuitive dashboards. You can customize the portal dashboard so your team can quickly access and assess the data — from task lists to summary charts. You can provide access to dashboards based on team members’ roles, so they see only the data they need to see. Sensitive information can be kept secure.
Carrier feeds and bordereau reports. You have to report data to carriers, but don’t want to re-type data that you’ve already entered into an electronic format, right? Our solutions allow you, with the push of a button, to extract the data in the format and file type your carrier requires. If one of our pre-configured carrier feeds does not work for you, our U.S.-based service professionals will build one that does.
Custom reports. Need a report to fulfill a business requirement? Our service professionals can help you generate a template that will allow you to retrieve the report on demand in any type of format. We can quickly customize our solutions so you get the most out of them.
Automate ISO® Statistical Coding & Report Generation. With our solutions, you don’t have to convert coverage data into ISO® formatted statistical codes. They’re automatically generated for every transaction, and when you’re ready to report them, you simply add a date range and push a button.
Automate DMV reporting. If you’re in states that require reporting of auto liability insurance, we make it simple. Our integration with DMV reporting services completely automates the reporting.
The Cloud. Let us worry about up time, bandwidth, hardware, and all of the technical details so you can focus on writing business. With the NetRate Portal, you have access to process and manage your business 24/7 from wherever you are.
Interested in learning more? We’re always available at (877) 790-1114.