Travelers Paperless System For Agents
NU Online News Service, July 16, 3:50 p.m. EST?Travelers Property Casualty announced the launch of a new electronic policy viewing capability for its independent agents.
The company said the system should cut the amount of forms the agents need to store for their commercial insurance business.
Electronic policy view (EPV) allows independent agents nationwide to access, view, print and save commercial insurance policies in real time, said the Hartford, Conn.-based company.
"Electronic policy view provides Travelers agencies with unprecedented real-time access to the various types of coverage information included in a commercial insurance policy," said David Findley, senior vice president of commercial and personal insurance operations for Travelers, in a statement.
Mr. Findley added that, "This capability virtually eliminates the need for agencies to store paper copies of policies in their office files."
Travelers said agencies could now search for policy transactions and view the resulting policy paper online, which is an exact copy of the traditional paper policy.
EPV displays commercial business insurance policies processed through Travelers' various policy issuance systems, using state-of-the-art technology to convert files into electronic images once they are received from the various policy issuance systems.
EPV is currently available for small business insurance policies through Travelers Agency Portal, the company's online doorway to the systems, forms and applications independent agencies use on a daily basis.
Travelers said this application would soon be available for larger commercial accounts and, in the future, for personal insurance policies.
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