Workflows in the insurance industry have always been complex and time-consuming. Even with the wide adoption of modern insurance technology, many tasks take too much time—valuable time that could be spent on growth drivers like marketing, underwriting, quoting, and business management.
Many wholesalers, MGAs, and carriers who have decided to integrate insurance automation software into existing systems agree that rekeying duplicate data is a hefty manual process. When implementing new insurance technology, the problem of duplicate data entry arises for several reasons.