Folio provides a full-stack brokerage platform that digitizes and automates insurance advisory workflows, from new business to claims. The platform streamlines administrative tasks through document automation and AI-powered client interaction summaries, enabling advisers to focus on client engagement and strategic advice.
Funding
Funding not disclosed
Founders
Product
Problem
Insurance advisers face significant administrative overhead, diverting time from client engagement and strategic advice. Inefficient workflows, manual documentation, and fragmented record-keeping hinder productivity and compliance.
Solution
Folio offers a comprehensive, full-stack brokerage platform designed to digitize and streamline insurance advisory operations. The platform provides automated workflow management for new business, endorsements, renewals, and claims, ensuring adherence to regulatory processes. Advanced record-keeping capabilities, including email integration and AI-powered summaries of client interactions, reduce administrative burden. Document automation leverages gathered data to generate branded client-facing materials, enhancing efficiency and consistency. This integrated approach allows advisers to dedicate more resources to client relationship management and delivering expert insurance solutions.
Target Audience
The primary target audience includes insurance advisers and brokerage firms seeking to enhance operational efficiency, improve client management, and ensure regulatory compliance through a digital platform.
Features
- Client-centric workflow management for new business, endorsements, renewals, and claims processing.
- Integrated record-keeping with email integration and note-taking functionalities.
- AI-powered summarization of client notes, emails, and documents using Large Language Models (LLMs).
- Document automation for generating Statements of Advice, Schedules, and Invoices.
- Onboarding process with data migration and integration capabilities, including custom integrations like FolioPay and DialPad.
- Partnership with Steadfast, providing access to market-leading wording and adviser resources.
- Compliance support and monitoring aligned with the six-step advice process.