For which industrial insurers and industrial brokers is the BiPRO intermediary settlement interesting?
Settlement processes between insurers and brokers are among the more complex processes in industrial insurance. Premiums, brokerage fees and claims payments are usually not settled individually among each other, but in collective settlements carried out on a monthly or quarterly basis. Insurers and brokers use the terms bordero, agent or insurer collection settlement or brokerage or commission settlement in this context. Tax settlement also frequently falls within this range of topics, as payment flows between the end customer, broker and risk carrier must also be settled here.
FAQ: Digitalised renewal process in industrial insurance
FAQs on various topics give insurers, brokers and underwriters an initial insight into the possibilities of digitizing industrial insurance. Frequently asked questions are answered here and are intended to help identify opportunities and potential for digital industrial insurance. Can the renewal process also be carried out digitally? What are the most important prerequisites for this?
Claims management: Is digital claim validation also possible in industrial insurance?
Industrial insurance, that means complex coverages and contracts. Digital claims management and digital claims validation are not yet standard for industrial insurers. A central challenge is to make the heterogeneous contract landscape manageable, especially in claims processing. Which processes in claims management can be automated and where are the limits?
Claims leakage in industrial insurance: How IT can help
The causes of claims leakage in industrial and commercial insurance are manifold. IT plays an important role in helping to reduce it. What do tried-and-tested approaches to reducing claims leakage look like?
Data models: The business basis for industrial brokers and insurers
Industrial insurers and brokers need to develop their ability to think in terms of digital products and processes. Data models provide the necessary vocabulary for this.
A Guide to Digital Happiness – in industrial insurance
Digitalisation has hit industrial insurers at a bad time. As a result, despite enthusiasm for individual digital initiatives, insurers are not developing a cohesive, sustainable vision of how to weave digitalisation into the corporate DNA. A guide.
Digitalisation of industrial insurance: Missed opportunity with high potential
German and European insurance and brokerage companies in the industrial insurance sector are lagging far behind the possibilities when it comes to digitalisation. The opportunities lie in digital platforms.
Digital Underwriting Platform: Five important aspects from the distribution perspective
Digitisation is changing the way industrial insurance transactions are conducted between market partners. The use of a state-of-the-art digital underwriting platform ensures efficiency and...
Promising a la Check24? Possibilities and limits of marketplaces for industrial and commercial insurance
Many private consumers have long since taken out their insurance policies via the well-known online comparison portals such as Check24 and Verivox. Now the relevance of such online marketplaces is also becoming increasingly important for commercial insurance policies. Small businesses in particular are already taking advantage of the opportunities.
Insurance products by low code: Digitalisation without IT experts
With the digitalisation in the insurance industry, there will also be an update of professions. In future, underwriters at insurers and customer or specialist advisors at brokers will have to have more IT skills than in the past. To enable them to work efficiently and successfully, low-code solutions are a possible answer.