Savus offers an API-enabled platform that automates the application, underwriting, and servicing processes for commercial insurance, providing real-time rates and document access. This technology enhances quoting and binding efficiency for independent agents, MGAs, and brokers, streamlining their workflow and improving customer service.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial insurance application, underwriting, and servicing processes are often manual, fragmented, and inefficient, leading to delays, errors, and increased costs for agents, brokers, and carriers. The lack of real-time data and integrated systems hinders the ability to quickly quote, bind, and manage policies.
Solution
Savus provides an API-enabled platform that automates and streamlines the commercial insurance lifecycle, from application to servicing. The platform offers real-time rates, automated underwriting, and on-demand access to policy documents, creating a single-entry solution for agents, MGAs, brokers, and embedded partners. By digitizing and integrating these processes, Savus enhances quoting and binding efficiency, reduces manual effort, and improves customer service. The platform enables digital distribution of insurance products, seamless quoting and binding, and efficient access to new business opportunities.
Target Audience
Savus targets independent agents, MGAs, brokers, carriers, and embedded partners in the commercial insurance industry seeking to streamline their operations and improve efficiency.
Features
- API-enabled platform for seamless integration with existing systems
- Automated application and underwriting processes
- Real-time rate quoting and binding capabilities
- On-demand access to policy documents
- Centralized portal for managing policies and accessing critical information
- White-label insurance shopping experience for partners