Today, most insurance underwriting platforms are built on the Pega platform. Originally developed by Pega Systems as an in-house solution, the software was so useful that they decided to offer it as a product to other companies, and now it’s one of the industry standards in business process management.
However, even though you may have heard of Pega underwriting software, you might not know what it actually does or how it can benefit your insurance company or agency.
This guide will answer all of those questions and more!
Pega’s power as an Enterprise Business Solutions Platform
The digital era is transforming the way we live and do business. This is also true in the insurance industry. Traditional lines of demarcation are blurring and hybrid models are arising.
Technologies and processes that have enabled digital transformation in other sectors, such as software or automotive, have been adapted to meet evolving needs in the insurance industry.
Pega provides a platform-as-a-service approach to enable enterprise businesses to innovate at breakneck speeds without worrying about the infrastructure their innovation will be built on top of.
The importance of staying compliant
If you are running your business as an LLC and not a corporation, then staying compliant with all the relevant requirements can be challenging. In this post, you will know the top 7 reasons you should use Pega underwriting to help manage your compliance needs.
There are many advantages to using their system including:
1) The ability to see reports on your company’s compliance in real-time
2) The ability to enter data into the system at any time
3) The ability to generate reports based on specific criteria that is important to you
4) The potential cost savings over other systems because of the volume discounts
5) Accessibility from anywhere because it’s cloud-based
6) Flexible interfaces to integrate external software such as QuickBooks, PeopleSoft, Outlook or Salesforce
7) Data integration capabilities so you can easily extract information about your clients and cases.
Doing things legally isn’t always easy but it’s worth the effort to make sure that your company is complying with all applicable laws and regulations.
How to use the platform
Get started with Peg’s quick form to find out which coverages are right for you. As soon as you submit your information, a licensed agent will get in touch with you to answer any questions and make sure that you’re fully covered. Your account manager is always on hand to help you get the most from your policy by guiding you through the claims process if anything does happen. Once set up, all of these features can be accessed 24/7 from anywhere via their website or app so it doesn’t matter where you are when an incident occurs! They have competitive rates and excellent customer service, making them one of the top companies around.
Pega to build your business from the ground up
Businesses with an employees should invest in payroll benefits like Pega. Employers and employees can save money with Pega by streamlining the process and giving you more time to focus on what’s important.
With Pega, your options are flexible and customizable, so you get the benefit that fits your business best. The major benefit of Pega is that it reduces the need for human intervention, which lowers costs and increases profits.
Every person has different needs as well as requirements when it comes to their insurance needs. No two people will want or need exactly the same type of coverage; this is where Pege saves you time and effort because it does not discriminate based on occupation or profession.
Pega underwriting for real estate agents
PEGA underwriting provides agents with a customer acquisition service that supplements their existing business model. PEGA solves the problem of customer acquisition, minimizing the downside risk and increasing the upside potential.
Whether an agent has just opened their business or is ready to expand, PEGA can serve as a tool that complements your strategy. As an established company with 30+ years of experience in the insurance industry, we have the resources and expertise you need when it comes to finding customers.
As a result, PEGA not only eliminates the need for cold-calling prospects but also offers