PolicyFly, an emerging leader of digital placement, underwriting and insurance automation has announced that they have partnered with Bell & Clements to take their transportation lines live on the PolicyFly platform.
Bell & Clements is well known for both their commitment to the US transportation market, as well as their ambitious approach to innovation and technology. Since its inception, Bell & Clements has been underwriting transportation classes and has garnered a reputation for unrivaled customer service. At the same time, their proprietary web-based data management portal, The Bridge, is one of the most advanced data analytics and reporting platforms in the industry.
“Quick and efficient underwriting is crucial to the service we provide our US wholesale brokers and managing general agents,” said Mark Balcombe, Chief Technology Officer at Bell & Clements. “But with the extensive growth of our transportation business over the past few years, we were running up against delayed queue times, especially around endorsements and new business submissions.”
PolicyFly uniquely provides submission, underwriting and policy management features that are critical to the scalability of transportation programs. These advancements include the ability to prepopulate VIN data to reduce the time and effort to submit, as well as direct access for agencies and coverholders to the platform to expedite communication and approvals. Furthermore, PolicyFly significantly enhances the endorsement experience by visualizing changes to vehicle schedules and values, while also automating document generation to dramatically reduce queue times.
Cory Crosland, CEO of PolicyFly shared, “Bell & Clements presented an opportunity to take an existing book of business and reimagine the submission and underwriting process from start-to-finish to open up new avenues for growth and profitability. With the PolicyFly platform we’ve been able to deliver an experience that allows agents and underwriters alike to conduct business faster. That means binding more business, retaining more business and making life easier for everyone.”
Additionally, as the most extensible API-based underwriting platform, PolicyFly was also seamlessly integrated into The Bridge, providing a comprehensive digital ecosystem that will enable Bell & Clements to grow with confidence.
“We were extremely impressed with the design of the PolicyFly user experience and the flexibility of the platform to integrate with the rating and reporting demands of The Bridge,” shared Bharat Mepani, Chief Innovation Officer at Bell & Clements. “PolicyFly has proven to be the right partner, not only because of its first-class frontend experience and automation tools, but their knowledgeable leadership team has been relentless at adjusting to our needs at every step.”
About Bell & Clements
Bell & Clements is an accredited Lloyd’s insurance broker specializing in broking and underwriting services for North American wholesale brokers and managing general agents. Bell & Clements provides customers with access to Lloyd’s, London and International markets. For more information about Bell & Clements, visit www.bellandclements.com.
PolicyFly is an emerging leader of digital placement, underwriting and insurance automation. PolicyFly offers a suite of digital platforms uniquely designed to improve the growth and profitability of commercial insurance and specialty programs. By bringing retail agents, brokers and underwriters into one online experience, PolicyFly is uniquely elevating the ease of doing business for all parties across the policy lifecycle. For more information about PolicyFly, visit www.policyfly.com.