Nexus is a strategic partner with Yottaflow, Inc., a software firm dedicated to streamlining the quoting needs for TPAs and MGUs. Yottaflow can help brokers, TPAs and MGUS save a great deal of time and money related to everyday processes to produce stop loss quotes, expand distribution, streamline the intake process, and automate quoting.
Yottaflow and its MGU underwriting platform partner, KUsoftware, have developed a solution to mitigate many of the challenges MGUs face when quoting medical stop loss:
- Getting clean quote submissions is a struggle.
- Data entry is time-consuming and error-prone.
- Dealing with low close-ratios is overwhelming and drains resources.
- Identifying and focusing on the best groups is tedious.
How does Yottaflow benefit MGUs and carriers?
Yottaflow allows brokers, wholesalers and TPAs to receive instant, illustrative medical stop loss quotes from MGUs in just a few clicks. Simultaneously, all information is sent to the Kusoftware underwriting platform, including a validated census. This eliminates data entry and allows the MGU to immediately begin the underwriting process.