Leadenhall’s SaaS insurance platform is quietly changing the way business is being transacted within the most developed insurance markets in the World.
learn more at: Efinity.com
Our platform provides flexibility in serving our distribution partnership needs, enabling retail brokers and agents to select the appropriate insurance coverage for their customers, prepare premium indications and bind insurance contracts on any desktop or mobile device anytime of the day, 365 days of the year.
All parties to an Insurance transaction from the customer, Agent, Broker and Insurance carrier work within the same platform ecosystem, thanks to this, all risk evaluation, communication, referral, special acceptances, underwriting decisions are all recorded within the platform and are available for access anytime.
Binding quotes may be converted into policies by a Broker logged into the platform. In cases where the policy binding process does not require a signed proposal form from the Insured, the policy is available immediately. In situations where a signature on a proposal form is required, the platform is activated for electronic signatures, alternatively the policy can be made available immediately after the uploading of a scanned copy of the completed proposal form and it has been verified by the underwriting team.
Cancellations, mid-term policy adjustments and renewals are all handled within the platform. Automated generation of Invoices, supporting endorsements and Insurance certificates to reflect the agreed coverage changes.
ACORD standard data is inputted into the system by those closest to the facts. This data is automatically transmitted from retailer to wholesaler, Lloyd’s Broker and Insurers without the need for costly rekeying. The flow of data is controlled by the system based upon your requirements. Referrals can be automatically forwarded to Underwriters or sent to the in-boxes of broking teams for face-to-face negotiations. The choice is yours and the system can be adapted quickly and easily as your requirements change.
Fortune 500 company level security, SOC type II Certification, Secure cloud hosting via AWS, multiple location data back-up, fully GDPR compliant.
Where required, we work with our clients to integrate our platform into their existing accounting and credit control platforms. Our Platform is fully API enabled (Application Process Interface), providing flexible, fast and secure integrations with both internal and external platform services, covering Insurance Carrier and Broker systems, Lloyd’s online reporting and settlement platforms, sanctions monitoring, Payment facilitation, Claims TPA’s , Data analytics and Data enrichment.
The system is primarily provided as a white label platform delivered to Lloyd’s and non-Lloyd’s Brokers and their producing intermediaries. In addition to B2B, the system supports B2C distribution by our clients to their final customers.
Everything is recorded within the platform, including all user activity. Full versioning history of Policy changes are permanently stored in the system and backed up in multiple locations. These can be easily audited by internal and third party auditors.
Our platform is multi-lingual, multi-time zone and multi-currency.
Our Platform and processes under continuous development enable Brokers to significantly reduce the minimum premiums required to make high volume low premium business more cost effective to handle.