Carrier Opportunities
Abacus has a proven track record of enabling insurance carriers to expand their distribution without additional overhead and deliver results substantially better than industry norms.
Expanded Broker Reach
Carriers gain instant access to a nationwide network of 3,000 retail insurance broker offices, representing 10,000 insurance professionals. Brokers are added daily and are generally smaller offices that do not have direct appointments with major carriers.
24/7 Real Time Access to Live Data
Transactions and all data are completely transparent. If a transaction appears in the Abacus database, the carrier has immediate access -- from the rating algorithms, to form assignment, rules, policy output and applications -- everything that goes into the risk. Individual risks can be audited in numerous ways. Programs can be audited in aggregate, per risk or both.
Advanced Automation Capabilities
Any report, any data, no problem. Feeds, aggregate monitoring, marketing and more. You name it, Abacus can report it. And that’s on top of real time quoting, policy issuance and endorsements.
No Comparative Rating
Our strict guidelines for carrier selection allow for only top-tiered carriers to partner with Abacus. Carriers must have excellent forms (developed in conjuntion with Abacus) and competitive rates (based on Abacus market research). Thus, there is no need for comparison rating. The Abacus model adopts and adheres to the position of a single carrier for a specific coverage.
Complete Objectivity and Compliance
The Abacus controls result in strict adherence to underwriting disciplines and complete objectivity. In the Abacus model, quotes comply with all regulatory requirements, including rating guidelines, form usage, credit/debit application, OFAC, licensing, E&O and more.
Cross Marketing
As the Abacus program portfolio grows, all Abacus carrier partners reap the rewards of cross marketing opportunities innate to the Abacus model.
Low Loss Ratios
Loss ratios produced by Abacus are substantially below industry norms.