Limiting Frauds- Insurance Aggregator

1
Insurance Aggregator
2
Introduction

• Insurance aggregator is a website that gathers
  insurance-specific information from multiple
  sources and organizes in one place.
• Information regarding insurance policies- price,
  coverages, premium are displayed in detail.
• A broader network which has made the work of
  agents easier through its centralized database.
• Insurance aggregators are the improved version of
  insurance clusters.
• It overcame its two main loopholes ?
• Lack of control over the business written and ?
• Lack of professionalism. 
• Insurance aggregators focuses on market access,
  profit sharing and networking with insurance
  carriers. ? ? ? ? ? ? ? ?

3
Benefits of Insurance Aggregator

• Insurance aggregator helps customer get
  comprehensive picture with its reliable
  information from multiple sources. ?
• ?Helps you to plan your next move
  strategically. ?
• Helps you to keep your accounts on track
  maintaining records of insurance policies,
  expiration dates and renewals.?
• Helps customer at the time of up-selling and
  cross-selling.
• With its reliable information bank, it limits the
  chances of frauds.
• The umbrella network of clients and carriers will
  help customer make better choices. ? ? ?

4
Limitations of Insurance Aggregators?

• Automated system of aggregators will only provide
  quotation for policies but lacks human to the
  service.
• Cannot provide results for special requests not
  the expert advice like insurance agents.
• Thus, carriers will need agents to bring new
  clients as well as retain the existing. ? ?

5
Agents and Aggregators in the Future?

• To bridge the gap of aggregators, agents play a
  vital role in providing the service and the
  expert advice.
• Agents will have upper hand because of their
  expert understanding of prospects and sales.
• Thus, agents must be a part of this disruptive
  force- Insurance Aggregator to be at the top of
  the competition.

6
(No Transcript)