- Naviant
Transcription
- Naviant
REALSOLUTIONS INSURANCE R&R INSURANCE SERVICES, INC. Agency Places High Valuation on Document Management In a market where consumers are bombarded with ads for the lowest insurance rates with a single call or by going to a Web site, personalized service and expertise are the differentiators for insurance agents. “Because of all the different carriers we work with, we use a comparative rater package for quoting personal lines insurance,” says Carl Rynders, system administrator at R&R Insurance Services, Inc. in Waukesha, WI. “This allows us to enter policy holder information once and run the rates for all of the carriers. Like the carriers that advertise on TV, we can come back to the customer with the top five rates, but it’s the little things we know about each carrier that make the difference. We ask more questions to match the insured with a carrier that best suits their needs, which isn’t always dependent on price, and our agents are available when the insured has questions about coverage or claims.” In order to provide the highest levels of customer service cost effectively and maintain its reputation as “The Knowledge Brokers™,” R&R has invested in ECM (enterprise content management) technology such as document imaging. Besides making it easier to manage and access customer files, ECM technology increases operational efficiency and improves productivity. “Commissions are dropping and wages and overhead are increasing,” notes Rynders. “That means we need to write more business with the same number of people and continue to offer better service than our competitors without creating intolerable working conditions for our employees.” One of the largest insurance agencies in the Midwest, R&R employs 125 people at 3 locations and generates more than $140 million in premiums annually. It offers life and health, personal lines, and commercial lines for large, medium and smaller sized businesses. After working with a consultant to obtain an understanding of best practices, R&R selected OnBase®, an integrated suite of enterprise content management software solutions including core capabilities in document imaging and workflow, COLD/ERM and records management. R&R’s OnBase solution was designed and implemented by authorized OnBase solution provider MTM, Inc. “One of the things we like about OnBase is the flexibility,” states Rynders. “There are options for different user interfaces, scan stations, workstations and licensing. We can do our own configuration work with document groups and document types. OnBase is not like everyone else’s solution because you can change things like document auto-name strings on the fly. We knew we could never think of everything prior to implementation. Knowing we could change things down the road if necessary was an essential part of our decision.” Support Premium Service for Commercial and Personal Policy Holders R&R began its OnBase implementation in the department that handles personal insurance and service. Once a policy has been approved, all documents become part of the searchable OnBase repository. Using a text file pulled from R&R’s AfW agency management system from AMS Services, indexing values are automatically populated. “Retrieving documents effectively requires completely accurate data and precise file names. The last thing we wanted to do was make employees enter data by hand,” points out Rynders. “Automated indexing prevents typos and human errors. Users select the document type, key in the unique ID and OnBase does the rest.” In the future, R&R is considering implementing the OnBase Application Enabler™ module, which would allow index values to be “scraped” from an agency management system screen as well as provide document retrieval directly from the agency management system. Because customer retention is crucial to an agency, R&R’s business model is based on long-term customer relationships. As a result, the number of documents in a file and the sources from which they are obtained are quite varied. Individual users can package large batches of documents for scanning at one of (continued) AT A GLANCE One of the largest insurance agencies in the Midwest, R & R Insurance Services, Inc. uses document management to increase operational efficiency, providing tools and resources for market-differentiating service to policy holders and carriers. BENEFITS • A consolidated repository of policyholder documents results in faster responses to policyholders and makes it easier for agents to provide recommendation • Documents available to multiple authorized users regardless of location • Supports disaster recovery/business continuity initiatives • Eliminates labor associated with filing, retrieving, copying and storing paper documents • Accommodates documents from multiple sources, including scanned images, e-mails, and third-party applications APPLICATION • Personal Lines • Commercial Lines • Human Resources • Accounting ONBASE SOFTWARE • Production Document Imaging • DVD Authoring • Outlook® Integration • Virtual Print Driver COMPLEMENTARY PRODUCT INTEGRATIONS • AfW agency management system from AMS Services • Fujitsu Computer Products of America M4097D document scanner • Canon U.S.A. DR-9080 document scanner REALSOLUTIONS INSURANCE the two production scanning stations. After the documents are scanned using scanners from Fujitsu Computer Products of America and Canon U.S.A., the images are placed in a scan queue assigned to the user who requested the service. While this practically assures that a document will be reviewed and imported by the person with the most knowledge about it, other users have access to each other’s queues and can assist when necessary. Previous to using OnBase, documents would be noted in the main database and then t-filed (filed based on transaction date). If there was an inquiry, the user would have to check the database to see what documents existed and when they were received. Using OnBase, whatever information exists is available simply by entering a keyword(s), such as the insured’s name or policy number, in the retrieval dialog window. replaced by this technology, but we also didn’t have to hire an extra person when there was a retirement. OnBase offers the potential for employees such as file clerks to be promoted and have positions that pay better. I don’t know that we will ever be entirely paperless, but once our employees grasped how OnBase could help them, everyone including the staff that delivers mail had suggestions for how we could put even more work into the system.” The policyholder’s file can be supplemented with documents from a number of sources. For example, if someone sends e-mail correspondence, that document can be imported directly into OnBase using the OnBase Outlook® Integration module, which allows a user to drag and drop an e-mail and/or attachment into the policyholder’s folder right in the Outlook interface. The complexity of Commercial Lines files made even t-filing impractical. “The average file in Personal Lines might be a quarter of an inch thick,” estimates Rynders. “A Commercial Line file might be as much as 15 inches; four or five inches is the norm.” When a policy renews, the agent must review the file to propose coverage options for the coming year. The entire file, which can cover product liability, environmental concerns, coverage for the actions of officers and executives and much more depending on the needs of the client, is generally taken to the customer site for annual review. Using laptop computers and broadband Internet access, agents essentially have their entire workstations with them and can access the electronic policy file stored in OnBase while working with a customer or working remotely. This eliminates the need to carry the cumbersome, thick paper files to a customer’s office. In less than two years of full operation, R&R already has more than a million documents in its OnBase repository, which is administered by its two-person IT staff. As the agency grows, it now has the capacity to collect more of the documentation necessary for underwriting, improving responsiveness to the carrier and increasing the quality of its book of business. Better business sent to the carrier combined with the potential for higher retention rates because of improved service make it more likely that R&R will be able to collect available loss ratio and retention bonuses sometimes offered by carriers. Though OnBase has the functionality required by the insurance industry and is supported by dedicated employees who specialize in insurance processes, it is also ideal for a wide range of “horizontal” applications. For example, using a Canon U.S.A. scanner, the Accounting Department has started to maintain electronic records, including checks, bonus agreements, contracts and commission schedules. The Human Resources Department is also using OnBase to maintain employee files. In both cases, the security features of OnBase are critical to prevent unauthorized viewing of documents. “As an independent agency, all we have to differentiate ourselves is service,” contends Rynders. “So when a customer calls, we have to give them the best possible service and be prepared to take information in whatever form they want to provide it. We also have to be able to honor carriers’ requests that they receive information in a certain way. Having one system to deal with all that is awesome. I haven’t found anything we wanted that OnBase couldn’t do, and we have been able to start small and work our way up to more and more functionality. Right now the sky’s the limit.” To increase the percentage of profitable business the agency is sending to carriers and receive better compensation packages from the carriers, R&R is performing some of the initial underwriting tasks, such as gathering MVRs. In addition, many cost-conscious carriers are also requiring agencies to retrieve policy information online. Once accessed, users can save these and any other type of printable file (such as a spreadsheet, word processing document, etc.) directly to OnBase by using the OnBase Virtual Print Driver. When an MVR is accessed from a Web site, for instance, the user can simply choose the “print” function and choose OnBase instead of an actual printer. Documents can also be dragged from the desktop onto the OnBase interface. By having immediate access to nearly everything about a policy holder -- application, policy, underwriting materials, correspondence and more – requests can be answered more quickly and agents have all the information they need to make coverage recommendations. “If a policy holder is sitting down to refinance and discovers a document or information about a policy is missing, for example, they need an answer right then and there,” says Rynders. “We can fax or e-mail whatever they need immediately right out of OnBase. In the past, we would have to hang up the phone to pull a file to fulfill a customer request and call back. Now policy holders usually get what they need with one call instead of two or three, and, if their agent or rep isn’t available, that service can be offered by anyone from anywhere on our network.” Insuring Business Continuity “The initial concern from users was that they thought we were going to replace them with technology,” recalls Rynders. “We explained that it would allow them to give better service and increase revenue per employee to ensure we will all be here longer. In fact, our owner is committed to protecting their jobs and the viability of the business. To survive, we have to be more efficient. Not one person has been www.onbase.com ©Hyland Software, Inc. All rights reserved. v2005.29.60-003072 Not only can service be provided more quickly from any location, electronic files also support disaster recovery/business continuity initiatives. The highly redundant database server is backed up nightly and copies of data are stored on tape and CD.
Similar documents
A Great Solution for Financial Institutions
We provide a configurable information management and workflow system that integrates many functions across the institution into one best of breed system that is ready to go - no staff developers or process building needed. http://www.proformance.com
More information