PRODUCER ONBOARDING: CAPABILITIES
Xchange Producer Onboarding integrates comprehensive capabilities that enable insurance companies to dramatically reduce the time to contract and appoint new producers.
Dynamically Generated Contracts
Contract appendices are dynamically generated and prepopulated based on producer selections, including LoB and product selections.
Auto-Populated Producer Data
Automatic data population from primary sources – including NIPR, BI providers and internal CRM and third party systems – to reduce data entry.
Business Process Automation
Auto-trigger appointment transactions and background investigations based on business rules, eliminating the need for staff intervention.
“Clear to Sell” Validation
Real-time credentials validation and data synchronization with the NIPR ensure that producers are properly credentialed at the time of business placement.
Workflow & Hierarchy Management
Auto-route electronic contracting packets through the approval process, ensuring that required sign-offs occur and exceptions are queued for review.
Self-Service Tools
Self-service capabilities include guided interview questions, simple forms maintenance, real-time appendix creation and easy access to hierarchy views.
Status Notifications & Dashboards
Status alerts are sent to designated recipients as contracting progresses. Provide unified views of contracting approval status and exceptions.
Enterprise Reporting
Generate templated and ad-hoc reports, across the producer population, at any level of the company’s hierarchy.
The solution can directly interface with the NIPR, BI providers and distribution partner systems to auto-populate contracting forms, greatly streamlining the collection of producer data. Once producer data is collected, it is automatically reused in subsequent appointment and other transactions.
PRODUCER ONBOARDING: RELATED RESOURCES
Content covering the latest news and best practices for producer onboarding from industry and RegEd subject matter experts.
AITE-NOVARICA REPORT: Distribution Channel Management: Insurance CIOs Focus on Improving the Onboarding Experience
This report presents and discusses the findings of interviews with ten life, annuity, and property/casualty insurance carriers that varied in size between midsize and large.
WHITE PAPER: Distribution Onboarding in the Digital Era
RegEd is pleased to share the following report based on a survey and interviews of executive and managerial staff within carriers’ distribution management and operations areas.
WEBINAR: Onboarding in the Digital Age / Insurance Leaders Panel
Senior business leaders from top insurance companies and distributors discuss some of the challenges and opportunities facing the insurance industry in the context of these changing times – including digitization of insurance; M&A and consolidation; economic uncertainty; competitive pressures; advances in technology; and of course, more regulation.
EXECUTIVE BRIEF: Xchange Onboarding, Licensing and Registration
This executive brief provides an in-depth overview of Xchange, RegEd’s Enterprise Contracting, Licensing and Registration solution, developed in collaboration with top industry firms, which has been implemented in more than 500 financial services firms.
PRODUCER ONBOARDING: RELATED SOLUTIONS
Complementary solutions to power your compliance and credentialing program – all on a unified enterprise platform.
ALERTS 2.0
Alerts 2.0, a module of RegEd’s Xchange Enterprise Licensing and Registration solution, enables companies to identify individuals and agencies for which they should receive notifications and automated PDB data updates.
REGED CLEARXCHANGE
RegEd CLEARXchange instantaneously validates contracting, licensing, education and training, appointment, and registration, at the source, to deliver a real-time Clear to SellSM
REGISTERED REP ONBOARDING
RegEd Registered Rep Onboarding solution offers the unique ability to drive unparalleled operational efficiency and optimize all processes throughout the onboarding and registration process.
XCHANGE ENTERPRISE OVERVIEW
Xchange is unique in its ability to drive unparalleled operational efficiency and optimize all processes across producer / rep on-boarding, registration and licensing activities.
CONTACT US
Schedule a personalized consultation with our solution and subject matter experts. We’ll provide an overview of how RegEd’s enterprise platform enables our clients to improve efficiency, effectiveness and transparency across the enterprise.