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IDIT™ - Full, end to end, front and back office functionality for brokers.


AON Insurance

"Aon selected IDIT™ following a thorough benchmark comparing leading insurance software solutions. IDIT offered us a platform that best met our country specific and pan-European needs and business goals."

David Tait, Director, 
Global Platform & Applications 
Aon International


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IDIT™ for Brokers

IDIT™ allows the broker to become a one-stop-shop for all of their customers’ insurance needs
 
IDIT™ system allows insurance brokers to become a one-stop-shop for all of their customers’ insurance needs. The insurance products developed using IDIT™ can be personalized and customized to suit the specific customers’ portfolio. The system empowers an insurance broker to act as an insurance carrier and function in an autonomous self-contained way, providing full front and back office functionality for the entire administrative needs of their insurance operation needs.


IDIT™ business solution for Brokers

IDIT™ insurance broker system provides:
  • Distributed access to users, collaborators and customers while facilitating ownership and control of data, operations and processes
  • Rollout and introduction of traditional as well as innovative and unique pre-brokered insurance products, leveraging the advantage of green-field niche markets such as affinities and selective clientele, while collaborating with pools of carriers via diverse sales and marketing channels

 


Functional Highlights

  • IDIT™ provides the broker with full front office and backoffice functionality
  • Fully Automated settlements with carriers
  • Full policy administration life cycle; including quote, binding, rate, issue & service
  • Claims management is provided from first report and detailed point in time coverage verification
  • Claim settlement through fast track and full-scale settlements with salvage and subrogation capabilities
  • The billing collection and disbursement system includes flexible, dynamic Payment Schedule
  • An advanced integrated workflow system manages all follow-up activities as well as all marketing and cross-sell initiatives

A comprehensive accounting module is deeply integrated into IDIT™ to provide full accounting support of all financial transactions. A sophisticated Terms of Trade mechanism within the accounting module encompasses any contractual/commercial agreements between parties in the insurance process.

IDIT™'s powerful and flexible Product Manager relieves the broker’s dependency on the carrier’s development cycle and legacy backlog with a toolset that allows independent and rapid deployment of insurance products, in-house.  Personal and commercial lines are introduced in a variety of mono-line and multi-line packaged offerings, providing multiple coverage options.  The broker is able to address the time-to-market need while being proactive and responsive to market conditions and while taking the initiative and leading the market with creative and flexible products.

Due to its component-based architecture, IDIT™ can readily be integrated with legacy applications, as well as rolled out in a modular, component-based format suitable for vertical integration .  An insurance broker can provide collaborators, such as a distributed sales-force, agents, carriers and service providers, controlled access to the system’s functionality with restricted and highly secure access to their related data.  The various parties in an insurance business network have the freedom of either utilizing the system components or integrating them with their own systems.

 


Operational Advantage

  • Rapid integration with legacy systems
  • Phased implementation of selected modules
  • Fast Time to Market via diversified channels
  • Single point of entry
  • Collaborator partnerships with affinities, co-insurers, brokers, agents and service providers
  • Full range of personal, commercial and specialty lines of business
  • Innovative mono-line and multi-line packaged offerings
  • Automated, effective, efficient processes
  • The broker to become a one-stop-shop for all of their customers needs
  • Advanced CRM and relationship oriented
  • Customer centric approach


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