AgentSync has launched a new solution, AgentSync Contracting, designed to automate the contracting stage in insurance agent onboarding.
This development is said to provide a comprehensive platform that connects distributors and underwriters. It is aimed at enhancing the efficiency of the onboarding process for agents and their distribution partners, including carriers and various marketing organisations.
The solution targets several enduring industry issues by removing manual tasks, reducing administrative work, and cutting down on errors typical in traditional contracting methods.
AgentSync Contracting works alongside the company’s existing APIs, allowing carriers to handle contract requests from multiple sources in a standardised format. This makes AgentSync a reliable infrastructure for efficient distribution operations, said the company
Initially crafted for life and health insurance sectors, the contracting feature has quickly expanded to include property and casualty agencies. It serves both small agencies with a handful of agents and large-scale marketing organisations managing tens of thousands of agents.
AgentSync Contracting integrates with the company’s Manage product to create a fully automated workflow from onboarding to appointment. It is said to include robust security features such as single sign-on supported by Okta, ensuring compliance and user security.
AgentSync CEO Niji Sabharwal said: “Contracting was our ‘last mile’ in achieving complete automation of the distributor-to-underwriter workflow, which has always been our North Star.
“With this release, we’re establishing AgentSync as the definitive system of record for agent onboarding and contracting in the insurance industry.”
Since its establishment in 2018, AgentSync has received $161m in funding from investors like Craft Ventures, Valor Equity Partners, and Salesforce founder Marc Benioff. This funding has allowed significant investment in research and development to provide advanced technology solutions tailored for the insurance industry.
