Faster, smarter, together.
DXC BinderCloud and Delegated Underwriting Services provides clients in the insurance market with a unique managed service approach to straight-through binder processing. Developed in conjunction with our clients and guided by our own experience serving the global insurance market, DXC BinderCloud significantly improves the speed, accuracy and compliance of data sharing between cover holders, MGAs, brokers, third-party adjusters and underwriters operating in the London insurance market and beyond.
Why DXC BinderCloud?
Faster.
- Validation at point of bind reduces queries and claims disputes.
- Real-time connectivity (via XML) eliminates the need for producing bordereaux.
- Microsoft Azure cloud provides world-wide, round-the clock secure availability and scalability.
- Re-keying and error correction is minimised.
- Frees up time to improve management information and service.
- Shared repository provides timely, consistent and accurate data to all relevant parties with controlled access.
- Built-in analytics speeds up the coverholder’s decision making process.
- Seamless transition from spreadsheets to ACORD XML; periodic reporting to real-time.
Smarter.
- Ability to consume the data relating to multiple contracts from one document as DXC BinderCloud can split the data in the relevant contracts.
- DXC BinderCloud handles multiple binder contracts, multiple Lloyd’s brokers and multiple carriers.
- Reminders provided to cover holders of due/overdue bordereaux.
- Comprehensive reporting analysis of granular level data.
- Reliable quality data and documents.
- Sophisticated mapping which handles complex formats.
- Ability to convert data i.e. spreadsheets into ACORD XML.
- Automatic cross referencing and validation of risk, premium and claims data.
Together.
- The cover holder only sends risk data once as DXC BinderCloud will distribute this data to all the relevant parties on the binding authority contract.
- DXC BinderCloud is a single shared repository accessible by cover holders, MGAs, brokers, carriers and claims third-party adjusters.
- Ability to connect to cover holder / MGA systems.
- Cover holders can load the bordereaux themselves and also access information provided by their brokers or carriers.
- Email alerts ensure that all trading partners are notified of attached documentation and latest updates.
- Supports full policy and claim life cycle.
Delegated Underwriting Services.
When choosing a solution for your business we know that at the heart of that decision is simplicity, unrivalled usability and ultimately saving your business time and money. DXC BinderCloud and DXC’s Delegated Underwriting Services make your binder management simpler than ever. DXC BinderCloud has a full interactive workflow capability eliminating the need for emails and has automated notifications and reminder emails to the broker and cover holder / MGA as needed. Add to this a custom designed auditable workflow for both mapping tasks and processing and it simplifies bordereaux processing like no other tool.