AgentSync Revolutionizes Insurance Onboarding with New Contracting Solution

In a significant development for the insurance industry, AgentSync has announced the introduction of AgentSync Contracting, a revolutionary solution aimed at fully automating the contracting aspect of insurance agent onboarding. With this launch, AgentSync is positioned to dramatically streamline the relationship between distributors and underwriters, ensuring a faster transition for agents to become operational and ready to sell.

AgentSync, renowned for its innovations in insurance distribution channel management software, has effectively tackled a persistent challenge within the industry: the cumbersome and manual contracting processes that have historically bogged down agencies. The new Contracting feature enhances the existing AgentSync platform, which already benefits from intuitive APIs that allow for the seamless acceptance and processing of contract requests from various submission sources.

A Game Changer for the Insurance Landscape

The introduction of Contracting represents what CEO Niji Sabharwal identifies as the 'last mile' needed to complete the automation of distributor-to-underwriter workflows. "This has always been our North Star. With this release, we’re establishing AgentSync as the definitive system of record for agent onboarding and contracting within the insurance sector," he stated.

Initially tailored for the life and health insurance markets, the capabilities of AgentSync Contracting have quickly expanded, accommodating property and casualty agencies as well. The flexibility and scalability of this solution allow small agencies with just five agents to operate effectively alongside larger FMOs and IMOs that manage upwards of 50,000 agents. This versatility ensures that AgentSync can cater to a diverse range of agency sizes and types.

Moreover, the new Contracting feature is integrated with AgentSync's Manage product, creating an exhaustive and automated producer onboarding workflow that goes up to the appointment stage for agents. This integration simplifies the entire onboarding journey, ensuring compliance and professionalism in the process.

Enhanced Security and User Experience

AgentSync also emphasizes security and user-friendliness within its Contracting solution. Implementing single sign-on (SSO) features, secured by Okta, ensures that sensitive data is protected while streamlining access for users. This commitment to robust security measures helps maintain compliance, thus fostering a safer environment for agents and agencies alike.

Since AgentSync's establishment in 2018, the company has garnered significant financial support, amounting to $161 million from high-profile investors including Craft Ventures, Salesforce founder Marc Benioff, and Caffeinated Capital. Such backing has enabled AgentSync to invest heavily in research and development, allowing it to provide cutting-edge technology tailored specifically for the complexities of the insurance industry.

The introduction of AgentSync Contracting marks a transformative step in the company's mission to modernize insurance distribution. With several early access customers already utilizing the product, this innovation is poised to make a substantial impact on how insurance agencies operate, making the onboarding process quicker, more efficient, and far less error-prone.

For further details and to explore how AgentSync Contracting can transform your agency's onboarding processes, visit www.agentsync.io/contracting.

About AgentSync

AgentSync specializes in distribution channel management solutions that connect different facets of the insurance ecosystem. Their platform automates producer onboarding workflows while integrating real-time data from various systems, aiding insurers in optimizing and scaling their distribution channels. Recognized for their exceptional workplace culture, AgentSync has been honored with accolades such as one of Denver's Best Places to Work and Forbes' Cloud 100 Rising Star. The company was co-founded by Niji Sabharwal and Jenn Knight and is headquartered in Denver, CO.