Companies can deploy Internet applications that use a proprietary browser interface or that connect with traditional agency solutions. Real-time quotes with accurate prices are no longer out of reach for agency systems. Straight Through Processing of applications, claims, and other transactions from the desktop to the back office using the Internet is a reality. Now your products are accessible around the globe. Anyone, anywhere can find your business and become a customer.
Carriers can bid on business in a virtual marketplace.
Insurers and re-insurers can connect more easily. When the industry sits down to collectively create a standard, great things can happen. Carriers, agents, vendors, and system integrators have worked together to define a common object model for the new generation of industry standards. Today's environment requires that code be produced in Internet time. Unfortunately, this race to be first to market with a new technology deployment often takes a front seat to providing quality.