At PS Advisory, we understand that in today’s rapidly changing insurance landscape, staying ahead means reimagining how you distribute products, whether through traditional channels or innovative digital solutions. With the rise of APIs, digital marketplaces, and embedded insurance, North American carriers and MGAs are benefiting from faster quotes, reduced costs, and enhanced customer experiences. To harness these opportunities, executives are turning to platforms that seamlessly integrate both legacy systems and modern digital solutions. Join us as we look at Salesforce for Insurance, a cloud-based platform designed to power your entire distribution strategy.
Recent trends show us that traditional distribution methods, while still valuable, are no longer enough. APIs now serve as the backbone of a modern distribution ecosystem, enabling real-time data exchange between carriers, MGAs, brokers, and digital marketplaces. This drastically reduces manual intervention and accelerates quote-to-bind processes. In markets where carriers are seeing double-digit growth in API-enabled products and embedded insurance, the need for a scalable, integrated platform has never been more urgent.
Insurance and MGA executives have historically relied on robust broker networks and established agent relationships. However, we are seeing with the advent of digital distribution, the market is shifting. Digital online marketplaces and embedded insurance models offer unprecedented access to new customer segments, often with higher conversion rates. For example, API-driven solutions have drastically cut processing times in areas like small business insurance and cyber coverage.
Consider how industry leaders are leveraging Salesforce for Insurance:
These success stories underscore that technology isn’t just an enabler, it’s a competitive differentiator. By choosing Salesforce for Insurance, your organization gains the tools needed to thrive in a digital-first world.
At PS Advisory, we understand that the future of insurance distribution is digital-first. As carriers and MGAs strive to streamline operations and capture new premium opportunities, a unified platform supporting both traditional and digital channels becomes indispensable. Salesforce for Insurance is a comprehensive solution that:
For insurance and MGA executives, embracing a platform like Salesforce for Insurance is a strategic necessity. By integrating traditional distribution strengths with digital innovations, you can unlock new growth opportunities, reduce operational costs, and ultimately, build a more profitable business.
Connect with us today to explore a tailored solution for your unique distribution needs and set your organization on the path to success in the digital age.
PS Advisory can bring the strategies and domain expertise leveraged by LWCC to achieve an award-winning transformation to your organization. This includes insights and launching required capabilities that can revolutionize your insurance operations.
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