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Professional Insurance Agents (PIA) brought a number of industry members together at the ACORD office to discuss the possibility of independent agents allowing their prospects and clients to buy on the agency’s website.
Over 70 industry leaders who are dedicated to transforming a highly manual business to a streamlined, efficient automated process came together in this one-day meeting.
The revised ACORD 821, Producer Information Form or PIF is used to initiate, manage, and/or terminate the relationship between the Life, Annuity, Health, Broker/Dealer and/or Property & Casualty producer and the Insurance Company.
Replacing an aging claim management system, on its own or as part of a larger core administration system modernization initiative, can certainly offer moderate success in terms of both process improvements and maintenance costs, but is it enough?