Early adopters are expected to achieve a competitive advantage by reducing sales and administrative costs, and boosting sales through brokers and new distribution channels.
Payers failing to automate the broker channel are likely to be at a severe competitive disadvantage.
Our ChannelPoint implementation is already delivering tremendous benefits in automating many of the previously paper-based functions of our distribution process. Unlike simple, online referral services and product catalogs, ChannelPoint Commerce is designed to be a total solution for consolidating carrier product and pricing information, managing the business rules associated with selling those products, and providing a comprehensive insurance distribution environment on the Internet. Using the exchange, participating carriers and brokerages have the opportunity to rapidly deliver targeted, Web-based storefronts that enable them to conduct business online. Inc. ChannelPoint is a leading e-commerce technology platform provider for insurance and benefits companies. The ChannelPoint Internet exchange platform is designed to streamline distribution processes, increase sales and offer superior customer service.