Xchange for Adjusters
Xchange dramatically increases efficiency, beginning with adjuster self-service through a private-label web interface. Data is captured once and then reused and updated automatically by the system through integration with regulatory databases and relevant internal systems. Xchange for Adjusters provides workflow-driven enterprise capabilities to fully manage state compliance and filing processes for claims adjuster licensure. A single interface captures and produces accurate filings for all adjuster license applications – paper and electronic – through the NIPR. The interface also fully automates and significantly streamlines the adjuster licensing and renewal process, eliminating manual intervention errors. Using Xchange, companies can take regulatory compliance processes that required a week or more down to a few days. Xchange for Adjusters also allows efficient paperless compliance, lowering operating costs and reducing chances for market conduct violations.
Xchange for Adjusters will integrate with regulatory databases that provide alerts and notices when adjuster events occur or when your data is not in sync. Xchange can also be integrated with your claims system to make sure appropriate license/appointment filings are in place before new business is booked. In addition, Xchange management and ad hoc reporting gives you fast, easy access to key information about all of your adjusters making routine management and compliance simpler. And while Xchange for Adjusters is configurable, specifically tailored to the needs of carriers and distributors are also available.
The solution is powered by an extensive compliance rule base, including state reciprocity rules, and precisely calculates the licensing and CE requirements for single and multi-state licensing and licensing renewal transactions. This ensures that adjusters are properly licensed in all states where claims are being processed, and reduces exposure to lapsed licenses due to miscalculated CE requirements. RegEd Xchange, a seamless enterprise level solution for managing contracting, licensing and CE, is in use by more than 90 leading firms. For more than six years, the industry's leading brokers, carriers and financial services mega firms, have consistently chosen Xchange. Xchange is so widely adopted that it is one of the nation's leading filers through NIPR's Gateway and one of the only providers that track and calculate adjuster continuing education compliance.