When you work in insurance, you quickly come to realise the benefits of fast data retrieval, secure storage of information and the ability to communicate quickly with colleagues. Staying on top of market trends and current loss ratios is vital, as is being aware of any new information as soon as possible. Using an insurance software package will allow you and your team to do all this and more instantly.
As all information is stored in a centralised database, you immediately save your team and your client’s time, as there is never any need for anyone to have to return to a physical computer to retrieve information. Authorised users with their log in details and password can access all the information from any computer with an internet connection.
That is not to say that the data will not be safe, however, as every care is taken to store information in the most secure way possible. Firewalls, patches, human checks and fire and flood-proofing are only some of the ways in which your data will be protected, and of course there is no chance of losing information because your laptop was stolen or left on a train.
Speed & Presentation
The speed at which data can be retrieved is increased in other ways as well. The software will automatically present information back to the user in a variety of formats, including reports and graphs. This aids you to collate various types of information, evaluate them and present them to the client in an accessible format. It also allows for at-a-glance judgements in certain situations, where previous policies, market trends and loss ratios are displayed to you in a colour-coded graph showing a period of time of your choosing.
Communication & Up-To-Date Info
Insurance software leads to less segregation in the workplace, as all users in every department and every step of the way are using the same database. This improves team spirit and develops communication pathways. With everyone working from the same system, the margin for error is greatly reduced. Also, as any updates performed by the system or added by any user are instantaneously visible to all, there is little chance of giving out false information due to not being aware of changes.
All these benefits and more apply, and to top it off, most companies who operate cloud-based systems will let you try the software for free for a period of around one month. With so many potential ways to improve your business practices, there really is no reason not to at least give the software a try.