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Jim McKenney, CEOThis is where Highwing is making a difference by transforming data processing and management for brokers and carriers and improving the insurance data-gathering process for clients across the globe.
Through its open data platform, Highwing connects brokers, carriers, wholesalers, and agents. Its focus on transparency and efficiency simplifies the broker workflow, eliminating manual tracking and enabling real-time access to process status.
Highwing's multi-layered onboarding process begins with a consultative approach to change management. After bringing brokers onto the platform, it establishes a set of pilot users to showcase the process change and its benefits. To complete this process, feedback and necessary configurations are considered before expanding to full adoption.
“In the insurance industry, communication among insured parties, brokers, and carriers can be cumbersome and time-consuming. We solve this challenge through our broker operating system. It automates the documentation process and enables brokers to keep track of all email communication and stay organized, improving the overall efficiency of the workflow,” says Jim McKenney, CEO of Highwing.
The system also assists brokers in collaborating with their peers. Every time a new broker is onboarded, Highwing combines all the data and presents it in a single pane of glass. By connecting brokers to multiple platforms, it acts as their digital modernization partner.
Highwing's carrier suite offers two main value propositions, which include marketing insights and a fully structured API. These marketing insights leverage its book of business with over 4 billion clients.
Customers can also increase the efficiency of their marketing strategies using Highwing’s templates. If a client wishes to share certain lines of business with multiple carriers, they can create a template that specifies the different markets and lines of business they wish to approach.
In addition, the platform facilitates the right flow of interest from carriers to brokers resulting in improved economics. The fully structured submission API eliminates the need for manual data entry, reducing costs and streamlining the underwriting process. A next-gen submissions feature enables brokers to build multi-applications, multi-screen reports, return quotes, and statuses from insurance markets.
Over the years, its robust applications have been highly beneficial for numerous clients. In one instance, a broker-dealer operating in the middle and large commercial spaces sought Highwing’s help with their employee set as they struggled to take on new businesses. It worked with them on a pilot program and helped them envision the new process through its platform. This proved instrumental in their transition to a more efficient, centralized placement operating model. Today, over 85 percent of their volume flows through Highwing’s platform.
In the insurance industry, communication among insured parties, brokers, and carriers can be cumbersome and time-consuming. We solve this challenge through our broker operating system
Equipped with cloud-based state-of-the-art technology, Highwing ensures robust security features across its platforms. Its API-enabled platform helps clients and end-users modernize their tech stack.
Highwing’s team of industry veterans, including expert engineers, drive innovation throughout the market. Its customer success teams provide invaluable consultative guidance, ensuring effective implementation and seamless change management for its products.
By revolutionizing the commercial insurance industry, Highwing aims to be the one-stop digital modernization partner for brokers, connecting markets and carriers to create a more accessible and efficient financial system for businesses and individuals worldwide.
Company
Highwing
Management
Jim McKenney, CEO
Description
Through its open data platform, Highwing connects brokers, carriers, wholesalers, and agents. Its focus on transparency and efficiency simplifies the broker workflow, eliminating manual tracking and enabling real-time access to process status.
Highwing is driving the future of commercial insurance by streamlining the process of digitally connecting brokers and carriers in middle and large market insurance. This partnership will help realize its vision of creating a “single pane of glass” for commercial submissions to simplify the insurance buying process for insureds and digitize the relationship they have with their brokers, all while reducing the timeframe to return quotes to insureds.
“Project Ferro is leading the way in creating next generation technology to capture digital exposure information from insureds,” said Jim McKenney, CEO of Highwing. “We are excited to integrate their capabilities in our industry-first marketing platform to provide a full end-to-end digital solution for our clients. Ferro and Highwing share a common vision of modernizing commercial insurance, with a focus on creating efficiency for brokers and carriers to create additional value for insureds.”
“We are thrilled to partner with Highwing as, together, we seek to completely streamline the broker desk by providing a direct link from the insured to the broker to the insurance company and back again, in the middle and large commercial space like never before.” said Chris Senkbile, CEO and Co-Founder Ferro.
Highwing touts an impressive roster of clients, working with five of the top ten insurance providers and 13 of the Top 60 brokers, providing transparency into submissions and speeding up the marketing process. The company’s intelligent operating system design eliminates redundancy, which streamlines transactions to increase efficiency and profitability for users.