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InsuranceIsland.com Launches Product, Service for Agents
2001 – Cleveland, Ohio – InsuranceIsland
redefines carrier and agent relationship, providing an
integrated system. Every insurance carrier faces the
same challenge - how to improve the process of quoting
and rating a policy through independent agents.
Independent agents deal with multiple carriers and have
to use carrier specific systems to process a policy.
response to this decades old problem, InsuranceIsland
provides complete integration to carrier rating systems
and a Web-based agent management system hosted at
InsuranceIsland's corporate office in Solon, OH. Until
now, carriers have had to ship diskettes to agents to be
installed on the agents' desktop, a model of
ten years have seen the evolution of Insurance carriers
deploying websites with the intent to sell insurance to
customers online," quoted Madhavan Chakravarthi, former
Manager of Progressive Insurance and CEO of
only 2% of all insurance sold in the U.S. in 1999 was
bought over the Internet. Consumers spend a great deal
of time conducting research over the Internet, but are
still reluctant to purchase insurance off the Web.
Instead, they prefer to call an agent armed with all the
information that they have collected.
InsuranceIsland was formed by the founders of 2M
Associates, an Information Technology consulting firm
located in Cleveland. 2M has been serving the insurance
and health care companies for over ten years. In
addition, InsuranceIsland principal consultants have
over 30 years of combined insurance experience.
InsuranceIsland is a product and service for insurance
agents and carriers providing unparalleled optimization
to rate and issue policies on-line and real time.
InsuranceIsland provides an array of
to agents and carriers.