Sircon Corporation and Efficient Forms Partner to Build Revolutionary Producer Network for Insurance Industry; Partnership Will Speed Communication and Expedite Document Processing Between Agents, Carriers and Regulators.OKEMOS, Mich. -- Sircon Corporation and Efficient Forms today announced an exclusive partnership that will build on each other's products and complementary customer bases to create the first online agent hiring, contracting and licensing platform for insurance agents, carriers and regulators. The partnership is also a significant step towards creating a single online community where insurance carriers and their distribution partners collaborate through an integrated, coordinated network. "This combination provides online capabilities that can transform processes between insurance carriers and their distributors," said Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. Gummig, Vice President of Business Development at Sircon. "By integrating online services that will automate To turn a set of manual steps into an operation that goes by itself. See automation. transactions and workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , and virtually eliminate paperwork, this creates opportunity for unprecedented process breakthroughs." Today, a single packet of hiring or contracting forms may contain up to 50 pages and many, when completed, are distributed between agents, carriers and regulators and often circulated, several times, for correction. As a result, the hiring and contracting process is heavily dependent on paperwork and redundant data entry, taking weeks or even months to complete. This delay creates bottlenecks for agents and carriers and therefore adversely affects revenue opportunities. "The insurance industry lacks the ability to easily coordinate paper-laden tasks between insurance agents, brokers, carriers, and other interested parties," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cynthia Saccocia, Research Director in the Insurance Practice at TowerGroup. "The partnership between Sircon and Efficient Forms offers an interesting value proposition for the industry. If insurance agents and brokers could enter their information only once and submit it to multiple carriers and state regulators for approval, that process would deliver on the elusive promise of SEMCI SEMCI Single Entry Multiple Company Interface (insurance) (Single Entry Multiple Company Interface) for the contracting and appointment process and potentially improve time to market for valuable revenue generating activities." Sircon brings to the partnership an extensive network of over 1500 insurance carriers and state regulators. Efficient Forms brings a rapidly growing customer base of over 300 of the nation's top insurance brokers plus the industry's leading forms technology. "The combining of our respective customers will allow us to significantly accelerate adoption of a common platform for carriers and their distributors to collaborate and exchange data," said David Kenney, Chief Executive Officer of Efficient Forms. "The value of this network will grow quickly as more companies and distributors flock flock 1. a group of one species of animal or bird which eats or travels or is kept together, e.g. flock of sheep, of wild geese. 2. wool or cotton particles or debris used as stuffing or packing. to join it." Sircon's Producer Express(TM) and Producer Manager(TM) products will integrate technology from the Efficient Forms iForms Product Suite(TM) and be connected to Efficient Forms' broker network. The result will form the nation's largest "network on demand" of producers, brokers, carriers and state regulators. About Sircon Corporation Sircon Corporation delivers comprehensive online services and products for licensing, regulatory compliance automation and producer management within the insurance industry. Sircon's suite of solutions provides industry services by connecting insurance carriers, broker-dealers, and state regulatory agencies state regulatory agency A state body responsible for establishing professional standards, and for certifying professionals or organizations through appropriate documentation . More state departments of insurance utilize Sircon for producer licensing and regulatory management than any other single solution available today. For more information, visit www.sircon.com or call 877.876.4450. About Efficient Forms Efficient Forms, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Littleton, Colorado The City of Littleton is a home rule municipality located in the Denver Metropolitan Area of the State of Colorado. As of 2005, the city is estimated to have a total population of 40,396.[1] Littleton is the 17th most populous city in the State of Colorado. ) specializes in business form and data collection automation software. With over 300 customers in the Insurance, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , Compliance industries, Efficient Forms is experiencing explosive growth with a new approach to data collection, forms completion and process workflow. Efficient Forms Internet-based product suite provides businesses from all industries efficient cost effective solutions that quickly automate their data capture and forms workflow processes. For more information, visit www.efficientforms.com or call 800.859.7479. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion