{"id":12955,"date":"2021-12-30T15:26:16","date_gmt":"2021-12-30T20:26:16","guid":{"rendered":"https:\/\/www.resourcepro.com\/which-policy-checking-solution-is-right-for-you\/"},"modified":"2024-07-15T10:15:22","modified_gmt":"2024-07-15T14:15:22","slug":"which-policy-checking-solution-is-right-for-you","status":"publish","type":"post","link":"https:\/\/www.resourcepro.com\/blog\/which-policy-checking-solution-is-right-for-you\/","title":{"rendered":"Which Policy Checking Solution is Right for You?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Insurance policy checking should be hassle-free<\/strong><\/h2>\n\n\n\n<p>A good policy checking solution frees up time and makes life easier for agency staff, yet in our discussions with insurance organizations, we\u2019ve found that many simply don\u2019t meet their expectations. Some of the most common problems we hear about include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Low accuracy, leading to rework<\/li>\n\n\n\n<li>Lack of real-time oversight into policy checking process<\/li>\n\n\n\n<li>Backlog arising during seasonal fluctuations or <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2021\/01\/20\/598017.htm\" target=\"_blank\" rel=\"noreferrer noopener\">acquisitions<\/a><\/li>\n\n\n\n<li>No agency management system (AMS) integration<\/li>\n\n\n\n<li>Lack of trained insurance experts<\/li>\n\n\n\n<li>No solution for the time-consuming review process<\/li>\n<\/ul>\n\n\n\n<p>Policy checking should reduce headaches, not create new ones. Luckily, these flaws can be avoided. ReSource Pro\u2019s <a href=\"https:\/\/www.resourcepro.com\/services\/analytics\/policy-insights\/\" target=\"_blank\" rel=\"noreferrer noopener\">Policy Insights 2.0<\/a> brings insurance agencies and brokers an end-to-end, streamlined, policy checking solution unlike any on the market.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.resourcepro.com\/wp-content\/uploads\/2021\/12\/image-8.png\" alt=\"\" class=\"wp-image-36337\" width=\"730\" height=\"316\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-insurtech\"><strong>Benefits of Insurtech<\/strong><\/h2>\n\n\n\n<p>Insurtechs bring you the power of <a href=\"https:\/\/www.resourcepro.com\/blog\/insurtech-101-rpa-and-automation-in-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">automation<\/a>, <a href=\"https:\/\/www.resourcepro.com\/blog\/insurtech-101-artificial-intelligence-and-machine-learning-for-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">artificial intelligence (AI), and machine learning<\/a>. These solutions promise fast, error-free policy checking by eliminating human involvement in the process. The downside? Research has shown that the greatest results are often achieved <a href=\"https:\/\/www2.deloitte.com\/us\/en\/insights\/focus\/technology-and-the-future-of-work\/ai-in-the-workplace.html\" target=\"_blank\" rel=\"noreferrer noopener\">when humans and machines work together<\/a>, not alone.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-outsourcing\"><strong>Benefits of Outsourcing<\/strong><\/h2>\n\n\n\n<p>Many outsourcing vendors opt for a human touch, sacrificing the speed of automation in promise of delivering higher quality policies. If the tradeoff in turnaround time is tolerable, these solutions can achieve strong results, but there\u2019s no guarantee. Many vendors lack staff with the right level of insurance expertise to ensure the high accuracy agencies expect.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-policy-insights\"><strong>Benefits of Policy Insights<\/strong><\/h2>\n\n\n\n<p>To bring agencies the next level of policy checking, we created Policy Insights 2.0, a tech-enabled solution that addresses the most common issues found in many others on the market. Combining RPA, AI and machine learning with human audit by insurance experts, Policy Insights 2.0 helps you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Deliver policies faster and more accurately. <\/strong>99.9% accuracy on each policy we deliver thanks to human audit, ensuring you get the speed of automation\u2014without the tradeoff.<\/li>\n\n\n\n<li><strong>Gain insight. <\/strong>Most solution providers merely participate in your agency. But what if they could act as an optimization partner, helping you uncover transformative data on your policy processing at no extra cost? The Policy Insights dashboard gives you the ability to identify trends and root causes of <a href=\"https:\/\/www.resourcepro.com\/blog\/3-most-common-insurance-policy-errors-the-top-one-will-shock-you\/\" target=\"_blank\" rel=\"noreferrer noopener\">policy errors<\/a>, <a href=\"https:\/\/www.resourcepro.com\/blog\/benchmarking-for-improved-financial-performance\/\" target=\"_blank\" rel=\"noreferrer noopener\">benchmark<\/a> against others in your market, and make more informed decisions around your carrier relationships.<\/li>\n\n\n\n<li><strong>Optimize account manager time and effectiveness. <\/strong>Policy Insightsgives account managers the ability to track policy processing in real-time. What\u2019s more, operations leaders can see how much rework is happening per policy.<\/li>\n\n\n\n<li><strong>Support the end-to-end post-bind process. <\/strong>If you need more than just a policy check, Policy Insights has you covered, with the capability to provide support across the entire post-bind policy process\u2014from issuance to delivery.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-experience-you-can-trust\"><strong>Experience you can trust<\/strong><\/h2>\n\n\n\n<p>ReSource Pro\u2019s Policy Insights 2.0 is the only policy checking solution on the market that offers the right blend of people, process, and technology to deliver 99.9% accuracy, actionable policy processing data and insight, AMS integration, and end-to-end value chain support. Interested in learning more about what Policy Insights can do for you? <a href=\"https:\/\/www.resourcepro.com\/contact-us\/business-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Let\u2019s talk.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A good policy checking solution frees up time and makes life easier for agency staff, yet in our discussions with insurance organizations, we\u2019ve found that many simply don\u2019t meet their expectations.<\/p>\n","protected":false},"author":6,"featured_media":12956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"news-category":[],"insurance-segment":[],"services":[],"type-of-content":[38],"resource-type":[],"class_list":["post-12955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","type-of-content-blogs"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-04-19 11:22:50","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/posts\/12955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/comments?post=12955"}],"version-history":[{"count":1,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/posts\/12955\/revisions"}],"predecessor-version":[{"id":13826,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/posts\/12955\/revisions\/13826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media\/12956"}],"wp:attachment":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media?parent=12955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/categories?post=12955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/tags?post=12955"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/news-category?post=12955"},{"taxonomy":"insurance-segment","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/insurance-segment?post=12955"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/services?post=12955"},{"taxonomy":"type-of-content","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/type-of-content?post=12955"},{"taxonomy":"resource-type","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/resource-type?post=12955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}