Toronto, ON, September 16, 2020 – Awywi Insurance Services, an insurance technology company specializing in real-time insurance innovation, is proud to announce the launch of its fully automated Farm insurance solution. Today marks a critical step in the company’s mission to improve distribution efficiency and customer experience through technological innovation in insurance delivery systems.
As with other Awywi solutions (Retail Commercial, Contractors, Homeowners and Term Life) on Awywi’s Insurance Fulfillment Platform (IFP)© , the Farm solution includes a customizable, easy to use application, rating/ rules engine, RPA policy assembler and issuer. Insurers can use IFP with their own rates, rules and documents to automate the entire policy lifecycle from quote to issuance to policy change and cancellation.
“The insurance industry is fraught with manual processes, excessive communication barriers and expensive systems integration. Efficiency innovation, measured by industry expense ratios, has not improved. Farm insurance has been particularly resistant to innovation until now,” says Steve Kaukinen, CEO of Awywi.
Awywi’s IFP© expands insurer’s abilities to give a superior customer experience. Insurers can use IFP© deliver their own automated Insurance solutions today without expensive programming or development. Implementation and use of IFP has no requirement for prior technology ability or investment in expensive programming staff.
In the coming months, Awywi will continue to expand product capabilities to Insurance products of all kinds including Affinity, Professional Liability and Complementary products (that can be sold with both commercial and personal lines).