AURORA, Colo., May 10, 2018 (Newswire.com) – Wave Insurance Technologies, Inc., d/b/a AVYST™, today announced that the International Risk Management Institute, Inc. (IRMI) Glossary of Terms is now integrated into AVYST’s eForms Wizard. AVYST is an insurtech company providing sales and risk management solutions to both agents and insurers in the independent insurance sector.
AVYST’s eForms Wizard enables insurance agents to efficiently interview clients and prospects on site by inputting data directly into forms that are saved and sharable. With the integration of IRMI’s glossary of terms embedded directly into the fields of the forms, agents will now have critical information to effectively consult with their clients at the point of sale, while also ensuring that new producers, or producers expanding their commercial lines client base, will ask all of the right questions prior to submission resulting in a more accurate quote for their clients. This will also ensure that insurers, wholesalers and other parties involved in the sales process have more accurate and complete data at the time of submission thereby eliminating the multiple touch points that exist today. By eliminating redundant entries on both Association for Cooperative Operations Research and Development (ACORD) and company-unique forms, agents can more efficiently complete applications and get to market faster.
Jack Gibson, president of IRMI, commented, “AVYST’s products are conceived by professional agents for agents. Partnering with AVYST to integrate IRMI’s Glossary of Terms within eForms Wizard provides agents with an invaluable tool available throughout the sales process and at the click of a button. This is a win-win-win as it allows IRMI to reach more agents while enabling agents to better serve their clients.”
“We are excited and honored to partner with IRMI,” said AVYST CEO Marc Still. “The ability to provide this critical information to our agent customers is an integral part of AVYST’s strategy to help solve the complexities of writing and placing commercial insurance. IRMI is a well known and respected company in the insurance industry and is celebrating its 40-year anniversary this year. We are very excited about this partnership and continue to analyze how we can bring the vast resources of IRMI to our customers.”
Wave Insurance Technologies, Inc., d/b/a AVYST™, is a company based in Dallas, Texas, and Aurora, Colorado, providing sales and risk management solutions for the insurance industry. AVYST’s first product, eForms Wizard, makes the submission process more efficient by enabling independent agents, insurance companies, and MGAs /Wholesalers to reduce redundant data entry. AVYST’s propriety system supports approximately 800 ACORD forms in addition to carrier specific, agency and other policy documents that are required for submission. For more information, visit AVYST.com.
Contact: Linda Dodson
For 40 years, IRMI has been the premier risk management authority. IRMI helps insurance and risk management professionals succeed by providing content, conferences, continuing education, and certifications. For more information, visit IRMI.com.
Contact: Marty Mitcham (800) 827–4242
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