Itochu Orico Insurance Adopts Innovative System 'boshu assist' for Insurance Brokers

Itochu Orico Insurance Service Implements 'boshu assist' for Enhanced Efficiency

In a significant advancement for the insurance industry, Itochu Orico Insurance Service has integrated the cutting-edge recommendation sales support system known as 'boshu assist.' This innovative tool, provided by boshu Corporation, aims to streamline the comparison process for insurance products, making it easier for brokers to present tailored plans to their clients.

Background for 'boshu assist' Implementation

The insurance brokerage sector has long struggled with inefficiencies in estimating damage insurance policies, largely due to the differing specifications among insurance providers. Brokers are often faced with:

- Diverse UI/UX: Each insurer has different screen layouts and item placements.
- Varied Terminology: Similar coverage may be defined differently across companies, complicating comparisons.
- Detailed Underwriting Rules: Each organization has its own specifications regarding coverage conditions and assessment logic.

These discrepancies require insurance agents to constantly interpret and adapt their inputs when preparing estimates, a task that can be particularly overwhelming for less experienced staff. Moreover, frequent system updates from insurance companies can disrupt the processes that agents have learned, leading to increased psychological stress and longer training times.

To address these ongoing challenges, Itochu Orico Insurance Service sought a solution that could structurally enhance the efficiency of the estimation process. The introduction of 'boshu assist' allows for a focus on delivering high-quality comparison proposals by minimizing the cognitive load associated with managing these discrepancies.

Why 'boshu assist' Was Chosen

The key selling point of 'boshu assist' is its ability to absorb specifications differences between insurance companies. By unifying the estimation workflow, brokers no longer need to interpret varied screens, input items, or definitions each time they create an estimate. This coherence significantly reduces labor intensity and the time required for verification, leading to faster service for clients.

Additionally, 'boshu assist' ensures rapid adjustments to updates from insurance providers, allowing teams to maintain continuity in their operations without being bogged down by system changes.

Post-Implementation Changes with 'boshu assist'

Following the implementation of 'boshu assist,' Itochu Orico reports a remarkable increase in the speed of estimates. Agents can now simultaneously generate quotes from up to four insurers, drastically reducing the time invested in this task.

There has been a marked decrease in the frequency of errors. Even when corrections are needed, they can be incorporated seamlessly, minimizing interruptions in workflow. Furthermore, this system has greatly reduced the reliance on individual expertise, encouraging team-wide consistency in operations.

“With the adoption of boshu assist, we've created an environment where comparison proposals can be efficiently processed. Moving forward, we aim to further enhance the quality of our proposals to align with our clients' needs,” states an official from Itochu Orico Insurance Service.

About 'boshu assist'

The 'boshu assist' desktop application consolidates input forms from various insurance companies, allowing brokers to create and compare estimates across multiple providers through a unified interface. Key features include:

- Common Input Forms: Data is shared across insurers with a single entry.
- Automatic Name Conversion: Different insurer terminologies are harmonized into common language.
- Rapid Specification Updates: System updates from insurers are reflected promptly in 'boshu assist.'

For more details, visit: boshu assist

Company Backgrounds

Itochu Orico Insurance Service

Located in Tokyo's Minato Ward, Itochu Orico focuses on providing damage insurance brokerage services, life insurance solicitation, and consulting. More information can be found on their corporate site.

boshu Corporation

With the mission of making insurance accessible and reliable, boshu aims to transform the insurance brokerage process through AI technology. As an InsureTech startup, boshu addresses unique industry challenges while fostering a future of collaboration between humans and AI. For more details, visit their corporate site.