Floapi offers automation tools for Canadian insurance brokers that integrate with existing insurance platforms to handle commercial billing, policy renewal validation, and re‑quoting. By automatically creating transactions, generating invoices, sending client communications, and updating policy data, the solution reduces manual administrative work, minimizes errors, and frees brokers to focus on client relationships and business growth.
Funding
Funding not disclosed
Founders
Product
Problem
Insurance brokers often spend significant time on repetitive administrative tasks such as generating renewal paperwork, validating policy details, and re‑quoting clients, which reduces capacity for client service and strategic growth. Manual handling of these processes also increases the risk of errors and delays, impacting customer satisfaction and operational efficiency.
Solution
Floapi provides a suite of automation tools that integrate with brokers’ existing insurance platforms to handle commercial billing, policy renewal validation, and re‑quoting automatically. The commercial billing module creates transactions, generates invoices, and dispatches them to clients without manual input. The renewal validator retrieves the latest policy data and sends verification questionnaires to clients, ensuring records stay current. The requoter engine performs fresh premium calculations based on client preferences, allowing brokers to present optimized coverage options. By offloading these routine tasks, brokers can focus on relationship management and business development while maintaining accurate, timely communications with clients.
Target Audience
Floapi’s primary customers are insurance brokerage firms in Canada that manage commercial policies and seek to reduce manual administrative workload.
Features
- Automated commercial billing that creates transactions, generates bills, and emails clients on renewal dates
- Renewal validator that pulls up‑to‑date policy information and sends client questionnaires for confirmation
- Requoter tool that calculates new premium quotes based on price, coverage, and other client criteria
- Seamless integration with existing insurance management systems through configurable connectors
- Scalable workflow engine that adapts to broker volume and supports ongoing maintenance and support