CFC, a specialist insurance provider focused on emerging risks and cyber coverage, has introduced a new service to automate quoting for large volumes of policies.
The service is initially available for CFC’s cyber, management liability, and professional lines products, allowing Canadian brokers to generate bulk quotes for their entire book of business, reducing manual data entry and streamlining the application process.
Brokers can submit the required client information to CFC through the platform, which generates quotes for all eligible clients. Once the quotes are prepared, brokers can review and finalize the policies.
Pat Brice (pictured), distribution director at CFC, said the new service is designed to address the time constraints brokers face when handling high volumes of individual submissions.
“Sending individual submissions on thousands of accounts takes an enormous amount of resource from time-stretched brokers,” Brice said.
“Our new portfolio quoting service will not only free this time up for them to spend on more valuable complex client demands and relationship building, but also help them cross-sell different products across their entire portfolio. We can even assist in porting master policies over to individual insured policies.”
Brice noted that beyond improving efficiency, the portfolio quoting service offers opportunities for business growth.
“Our portfolio quoting service isn’t just about eliminating manual data input and tedious application forms; it can open the door to significant growth opportunities within existing books of business, delivering valuable new income streams for Canadian brokers,” Brice added.
