How CBA Helps Insurance Companies
CBA is an extension of your business. CBA enforces your underwriting rules and delivers your custom documents. CBA tracks all data necessary to service claims.
Enforces underwriting rules
CBA supports your policy requirements by notifying you immediately if an insured does not meet eligibility guidelines.
Generates custom documents
CBA generates your custom documents and makes those documents immediately available. Documents are stored electronically with an insured’s account for easy reference.
Accurately calculates premiums
CBA accurately calculates premiums using your business rules ensuring correct premium is billed to the insured and collected.
CBA reduces insurance company exposure and improves broker relationships by enforcing underwriting guidelines when on-boarding new clients. CBA mitigates insurance gap risk.
CBA is accessible from anywhere, on any device, at any time so that insurance companies and claims representatives can expedite claims.
Reduces operating costs
CBA reduces administrative costs by creating custom documents, correctly calculating premiums, enforcing underwriting rules, and consolidating necessary data in one place that is accessible to all parties.
CBA provides easy access to historical information for verification of coverage to expedite claims processing.