Broker Buddha streamlines commercial insurance applications and renewals

for

Businesses

for

Brokers

for

Carriers

SIMPLER APPLICATIONS
=
BETTER CUSTOMER EXPERIENCE
=
INCREASED REFERRALS

SIMPLER APPLICATIONS
=
TIME SAVED
=
TIME TO INVEST IN GROWTH

LIFE WITHOUT
BROKER BUDDHA

Paper
Forms

Fax
Machines

Long
Hours

LIFE WITH
BROKER BUDDHA

Online
Forms

Automated
Reminders

Efficient Use
of Time

Your Renewal Process

Without Broker Buddha

With Broker Buddha

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Agent Steps

1. Retrieve last year’s application

2. Retrieve blank version of applications

3. Pre-fill applications for client

4. Create email with instructions

5. Attach Files

6. Email to client

7. Send reminder email

8. Send another reminder email

9. Respond to questions

10. Download files

11. Open each file

12. Find & open last year's applications

13. Find and compare answers

14. Request more Info

15. Attach files

16. Construct and send email

17. Update Management System

1. Retrieve last year’s application

2. Send to Broker Buddha

3. Send to Client

4. Compare Answers

5. Update Management System

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Client Steps

1. Ignore your email

2. Ignore your email…again

3. Download files

4. Open each file

5. Refer to instructions in email

6. Update each application

7. Email clarifying questions

8. Update each application

9. Attach files

10. Email agent

11. Respond with answers

12. Print

13. Sign

14. Scan

15. Attach

16. Email to agent

1. Update ONE application

2. Click submit & sign

Without Broker Buddha

Without Broker Buddha

With Broker Buddha

0
1
2
3
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5
6
7
8
9
10
11
12
13
14
15
16
17

Agent Steps

1. Retrieve last year’s application

2. Retrieve blank version of applications

3. Pre-fill applications for client

4. Create email with instructions

5. Attach Files

6. Send to client

7. Send reminder email

8. Send another reminder email

9. Respond to questions

10. Download files

11. Open each file

12. Find & open last years applications

13. Find and compare answers

14. Request more Info

15. Attach files

16. Construct and send email

17. Update Management System

1. Retrieve last year’s application

2. Send to Broker Buddha

3. Send link to Client

4. Compare Answers

5. Update Management System

0
1
2
3
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5
6
7
8
9
10
11
12
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14
15
16

Client Steps

1. Ignore your email

2. Ignore your email…again

3. Download files

4. Open each file

5. Refer to instructions in email

6. Update each application

7. Email clarifying questions

8. Update each application

9. Attach files

10. Email agent

11. Respond with answers

12. Print

13. Sign

14. Scan

15. Attach

16. Email to agent

1. Update ONE application

2. Click submit & sign

3.5 days

average return time for applications

We save agents one hour for every application they process

Broker Buddha

Pre-fills your
applications

+

Broker Buddha

Sends your
reminder emails

=

Agents

Save 1 Hour Per
Application

1 Hour /
Application

X

1,000
Applications

X

$50 /
Hour

=

$50,000

Time saved drives incremental revenue

*Assumes 10% increase in policies (could be more)

1,000 Hours

Creates capacity for...

3,000 Emails = 250 hours

5 min / email

+

1,500 Phone Calls = 250 hours

10 min / call

+

500 Meetings = 500 hours

1 hour / meeting

100* New Policies

*Assumes 10% increase in policies (could be more)

100 New Policies

X

$10k Average Premium

X

15% Commission


$150,000

per year

For agencies with 1,000 policies, Broker Buddha creates $200,000 in value.

$50,000

Time Saved

+

$150,000

New Business

$200,000 Value

Summary

Saves account executives one hour for every application they process

Time savings come from offloading monotonous administrative work

Employee morale improves thanks to process automation

Time saved can be used to drive incremental revenue

Clients respond faster than ever before

Ready to go faster?

Instant ROI for your Agency

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