It's about time.Brokers and agents use technology to make their business lives more efficient. Some listen to insurance news podcasts during a morning run or catch up on their e-mail via cell phone in between client calls. However, the efficiency vanishes once an agent begins the quoting process. Agents must re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. quote submission data into carriers' Web sites, a task described by Tracy Hosler, an account executive for the James E. Gilmore Agency Inc., Succasunna, N.J., as a "pain." Our cover stow, "Exchange Place" examines the latest versions of B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business technology designed to take the pain out of agents' quote submissions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the United Kingdom. The Council of Insurance Agents & Brokers is supporting the creation of the National Insurance Exchange, which will allow agents and brokers to enter all information once and send it to multiple carriers. Hosler said he is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. "simplification" from the exchange. The U.K.'s G6 initiative debuted last year when six Lloyd's underwriters developed a system to transfer data and documents electronically to reduce manual processing and bring clarity to the placement of risk. It all sounds like it's wrapped up neatly, but Matthew Josefowicz, managing director of Celent's global insurance group, says it's too early to celebrate. "I'm still skeptical whether carriers will rally around it or if it will be easy for agents to adopt, given the wide range of Web-based proprietary carrier tools they have at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. today." Also in this issue: lists of insurance professional designations, organizations that award the designations, bachelor's and master's degrees master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. with insurance-related majors and the colleges that award those degrees. Look on page 61 to see the many educational opportunities available to insurance professionals. With this issue we introduce The Guide to Understanding Business Insurance Products, a reference to 21 coverages tailored to the risks many businesses face. It is an excellent resource for insurance agencies, brokers and insurance companies. To order, visit www.amazon.com, www.borders.com or www.target.com. Or visit http://guides.ambest.com to order copies or to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. free animated videos based on the Guide. Lynna Goch is editor. You may reach her at (908) 439-2200, Ext. 5381, by writing to A.M. Best Co., Ambest Road, Oldwick, NJ 08858, or by e-mail at Lynna.Goch@ambest.com. The e-mail address See Internet address. e-mail address - electronic mail address for Best's Review is bestreview@ambest.com. |
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