Northdoor Web Broker Portal

Speed up, Simplify and Secure the Rating Process

Northdoor Web Broker Portal is an advanced cloud computing solution certified for Microsoft Azure that gives brokers quick and easy access to key quotation data, information and processes that enables them to conduct more business faster.

With the Web Broker Portal, insurers / carriers can open up the important online channel for their authorised brokers to do business though more efficiently and at lower cost.

Underwriters can also use it as a web-based trading platform to bring their products securely online to their authorised brokers.

Key features

• Improves competitiveness through increased data analysis/speed in which the model (price / function) can be adjusted
• Replaces rating spreadsheets issued to the brokers with a secure monitored system with formal controls over rating factors
• Transfers data from the broker to insurer within a robust, controlled and auditable framework

The Northdoor Web Broker Portal enables brokers to perform the entire risk placement process from quote preparation through to on-cover confirmation entirely online, including rate checking, quoting, preparing & issuing policy documentation and adding to the binder.

Benefits

• Real time access to exposure data
• Faster and more controlled ability to monitor pricing sufficiency at policy and broker level
• Faster and more controlled ability to control pricing factors across the book, including by broker
• Improved policyholder profiling
• Production of statements of fact and schedules, so helping to retain brokers
• Provision for future capability for brokers to take a feed of data to drive their own systems
• Documented data model enabling system data to be extracted and analysed
• Improved credit control and audit
• Support for the increasing focus of Lloyd’s and the FSA on delegated underwriting controls

Northdoor Web Broker Portal leverages existing business logic via web services to provide a single quotation process and can be used to deliver a number of business lines. Because Web Broker Portal manages customer data the system has security built in at a number of levels.

Web Broker Portal eliminates the…

• Need to manually track progress with brokers reporting status through the system.
• Management of multiple spreadsheets

Built entirely in Microsoft .NET Web Broker Portal allow companies to place and accept business securely via the web.

Web Broker Portal is now also available on Microsoft Windows in the cloud and has passed the Microsoft Azure platform ready tests.