Platform combines consumer-permissioned insurance verification
technology with custom forms, document uploading, and data
enrichment.
BEAVERTON, Ore., July 30,
2024 /PRNewswire-PRWeb/ -- Canopy Connect™, the
leader in insurance verification technology, today announced a
significant evolution of its solution for insurance agencies that
addresses crucial gaps in the insurance quoting process. Canopy
Connect Insurance Data Intake Platform brings together Canopy
Connect's core consumer-permissioned insurance verification
technology and complements it with forms, document upload, and data
enrichment. Insurance agents can rely on a single platform to
collect and verify insurance data.
Insurance agents can rely on a single
platform to collect and verify insurance data.
"The intake step of the insurance quoting process is cobbled
together, lacks consistency, and is operationally ill-defined,"
says Ray Huang, senior director of
marketing at Canopy Connect. "With verified data coming in directly
from the carrier, you know it's accurate, whereas a typical intake
form or phone call is limited to a client's understanding—or
misunderstanding—of their policy."
Many insurance agencies lack a standard intake process to
properly advise their clients. They rely on antiquated intake
forms, having their client fill out dozens of fields on their own,
or they collect the information over the phone. The data is
unverified and often incorrect.
Larger insurance agencies depend on rigid processes to get the
information needed to advise and quote a new client. They know that
a declarations page has most of the policy information. However,
they often underestimate how much time it takes a client to find
and send the right documents. Agencies will hire teams of people
just to handle the process of gathering the data, then deal with
double-entry to input that into their other systems. This takes
massive amounts of valuable time and resources, and tends to still
lead to frequent errors.
"1.9 million insurance policies have been shared via our
consumer-permissioned infrastructure," says Tolga Tezel, founder and CEO at Canopy Connect.
"Adding customizable forms, document uploads, and data enrichment
options makes this a complete insurance data intake solution for
our 3,000 insurance agency customers."
How the Insurance Data Intake Platform Works
Insurance agents can easily send a custom link to a prospective
client to start sharing their personal or commercial insurance
information. This can be manually sent, but more often is triggered
via an automation following a quote request.
Clients simply select their insurance carrier and sign in with
their carrier credentials to share their verified insurance
information with their agent.
Prospects can now alternatively upload their declarations page
and other documents. Canopy Connect's new DecSight™ accurately
extracts the underlying information in a declarations page and
structures it into usable data.
After the initial submission, prospects can now be presented
with a customized form to verify or gather additional information
that you wouldn't get from the carrier.
In seconds, insurance agents will have a comprehensive view of a
prospect's insurance profile—including policy data, declaration
pages, and other documents, contact information, drivers, vehicles,
enriched property and building data, claims history, commercial
loss runs, and more.
Agents can further enrich the profile with household
information, driver's license numbers, and driving records.
Canopy Connect's insurance data intake platform connects with
more than 300 insurance carriers and is integrated into the most
popular comparative raters, agency management systems, and CRM
systems.
"Canopy Connect has been an extremely helpful tool for our
office, making it so easy for my clients to share their insurance
information," says Alex Meincken,
partner at Clear Choice Insurance. "Adding these additional options
to collect the information I need addresses any of my prospects'
previous objections to using it and really completes my intake
process."
Learn more about Canopy Connect's insurance data intake platform
at: https://www.usecanopy.com/insurance-data-intake
About Canopy Connect, Inc.
Canopy Connect is the leader in insurance verification technology,
giving businesses the ability to retrieve verified insurance
information directly from insurance carriers in seconds and deliver
data directly into other systems via API. Through its consumer
consent-driven data sharing technology and secure cloud
infrastructure, Canopy Connect's solutions allow insurance
agencies, carriers, lenders, auto dealers, insurance innovators,
and other businesses to deliver delightful, intelligent, and
frictionless insurance services. Learn more at
https://www.usecanopy.com
Media Contact
Ray Huang, Canopy Connect, Inc.,
1 415-669-4646, ray@usecanopy.com,
https://www.usecanopy.com
Twitter
View original content to download
multimedia:https://www.prweb.com/releases/canopy-connect-unveils-insurance-data-intake-platform-for-insurance-agencies-302209467.html
SOURCE Canopy Connect, Inc.