I-Biz

CSSI's I-Biz enables real-time electronic data exchange for policy issuance and policy change processing from a single-entry, multiple-company (SEMCI) interface.

With I-Biz, edited and underwritten application risk data is exchanged between the broker and the carrier insurance company to allow policy issuance and policy change processing with exception-only underwriting intervention from a SEMCI interface. The processed policy data that flows back to the broker’s office automatically updates the broker’s policy/client management, accounting, and billing systems.

What can I-Biz do for you?

• Current productivity measurements (as supplied by insurance carriers) indicate a productivity increase of 1,100 percent in auto transactions and 800 percent in habitational transactions (references available on request).
• Broker clients report a 100 percent increase in productivity by volume with experienced brokers and up to 30 percent decrease in overall expense (references available on request).
• Productivity gains and operating cost savings have resulted in over 30 percent net profitability by brokerage offices.
• The system has demonstrated up to 85 percent straight-through processing, which means no human intervention once the transaction has been completed by the broker.

Learn more about how I-Biz can benefit the Broker, the Insurance Company, and the Insurance Channel, or contact us to talk more about I-Biz and your business.