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WideLines Marketplace Server
The WideLines Marketplace
Server allows secure, two-way synchronous and asynchronous business
communication over the Internet between Producers, (Agents and
Brokers) and Underwriters (Carriers, MGA’s and MGU’s). Through WideLines’ patent-pending XML-based technology, it also allows insurance Producers and
Underwriters to track insured and quote-request information. The entire quote-request/quote-provision
process is, therefore, capable of being performed wholly electronically with
revolutionary efficiency:
- A Producer can instantly pair product and
insured to create an electronic form containing the insured’s information
for submission to an Underwriter;
- A Producer can review quotes as quickly as an
Underwriter can supply them;
- An Underwriter can choose to have quotes
automatically, or synchronously, communicated to a Producer upon receipt
of a quote request or to have quotes communicated to a Producer at a later
time, or asynchronously, after processing the potential insured’s
information;
- An Underwriter can download the potential
insured’s information to their own XML-enabled information-management
systems without re-keying the data, and without the use of telephone, fax,
paper or other traditional media.
Since the WideLines Marketplace Server uses the
Internet for communication between parties, it is universally available. The server uses the most advanced 128-bit
Secure Socket Layer (SSL) security protocol to guarantee the privacy of all
data communicated between parties. Thus, the system takes advantage of the universal accessibility of the Internet
with no sacrifice of security.
The WideLines Marketplace
Server also takes advantage of the latest XML technologies allowing valuable
data to be exchanged across diverse technologies. With XML technology the cost to network-application users of importing
data into their pre-existing local information-management systems is greatly
reduced. Where the rule once was that
such data migration required the up-front costs of either third-party database
middleware products or proprietary interface engineering, it is now possible to
have data directly brought into XML-enabled information-management systems, and
a key part of the WideLines Marketplace is its integration of XML for data
communication.
The WideLines Marketplace
Server can compute quotes given an Underwriter's methods for making the
computation, and communicate to the Producer the information that they
want. The Server has also been designed
to allow the Underwriter to review information sent on behalf of the
potential insured by a Producer, and respond with a quote at some later time,
or asynchronously, after appropriate consideration of the submitted
information. When the Underwriter
has considered the information and has formulated a quote, he or she need only
submit the quote back to the Producer through the WideLines Server. The Producer will recover the quote the same
way as he or she recovered quotes that were sent automatically. So, no matter what the style of quote
computation used by the Underwriter, the WideLines Marketplace Server
supports it.
The WideLines Insurance
Marketplace Server employs the latest information technologies to
provide a wide range of essential services to the insurance industry. Our aim and commitment is to engineer our systems
for maximum availability, security, flexibility, serviceability, and ease of
use.
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