In the ever-changing digital world, it can be hard to choose the right software to partner with. FormFire is a proven innovator and partner of choice for many Carriers looking to digitize quoting and sale installation processing. Below, we outlined some of the unique benefits of FormFire for Carriers.
Customization is increasingly important for Carriers to stand out in a competitive marketplace. With FormFire, the Employee application and forms can be customized to include your logo, instead of a Broker agency’s logo. This can allow for increased branding and name recognition when it comes time for consumers to select and enroll in a health plan.
For even greater customization, FormFire also enables Carriers to customize risk definitions and criteria in the Employee census. This is certainly an advantage when it comes to the medical underwriting process. Not only does this degree of customization save you time assessing Group risk, but it also allows you to provide firmer rates to Groups.
Streamline the Medical Underwriting Process
Medical underwriting can be a long and tedious process, especially when relying on manual methods for inputting data. It’s important to not only ensure that your medical health questionnaire software collects the data you need but can also segment that information in a way that helps speed up the overall process.
FormFire’s proprietary Medical Health Questionnaire (MHQ) walks through a series of questions, collecting details as necessary. As the medical health questionnaire is completed, an Auto Error Check will verify that the information on the form is accurate and complete every step of the way.
Once complete, FormFire will then automatically populate the data onto your specific form or census. Based on answers from the MHQ, FormFire can automate risk profiling or sort Groups into various underwriting workflows specific to their risk profile.
Stand Out Among Community-Rated Products
As a Carrier, you know how challenging it can be for your level-funded health plans to compete with community-rated, fully-insured ACA products. It’s crucial to ensure that Brokers are effectively promoting your products to the right Employer Groups with the right presentation that puts your products top-of-mind.
FormFire’s insurance Carrier software enables Brokers to showcase your level-funded and self-funded products in an elegant interface that’s understandable to the everyday consumer. This not only provides Brokers with quick delivery of quotes, but also gives Groups a more accurate (and often lower) estimate compared to community-rated products, so you stand out among the competition.
Tighter Control Over Broker Agencies
Offering sponsorships to Brokerages is one of the many ways Carriers are able to influence Brokers and provide greater exposure to products. With FormFire, you will gain tighter control over your sponsored Broker agency accounts. This means not only gaining better control of your product story, but also influencing distribution channels with the highest return on investment to lower the cost of acquisition.
Fast Service Response Times
At the end of the day, a software is only as good as your ability to leverage it. When questions arise, you need to be able to get through to someone who can quickly provide the solutions you need to move forward.
At FormFire, we pride ourselves in treating our Carrier partners like VIPs. Whenever you contact us, we’ll put you first in the queue, so we can respond to your queries and get you back to work with confidence to succeed.
Of course, there are many more benefits to partnering with FormFire. Need more convincing? We would be happy to talk through your needs, wants and ideas with you! Contact FormFire today to start a conversation.