Knowing the portfolio
Collect information from documents and authorized systems, read policies, riders and exclusions from different carriers into one structure, and identify what is missing.
For brokers
Compare carriers on one basis, with a source for every line.
MediMe reads policies and riders from different carriers into one structure, prepares a reasoned comparison and moves the client's handling forward. The broker reviews, decides and presents.
The challenge
Every carrier writes differently. The comparison is done by hand.
A different structure in every document
The same coverage is worded differently by each carrier, so a real comparison means reading every policy and rider.
Hard to show what the recommendation rests on
When the client or the regulator asks why, someone goes back to the documents to find the clause.
Existing clients are reviewed late
A change in terms or a better alternative surfaces only when there is time to open the file.
What the system does
Four journeys a broker can start with.
In each journey the system prepares the material and advances the handling, and the broker decides.
Comparison and proposal preparation
Map needs, compare coverage entitlement by entitlement and prepare reasoned proposal material, with a source reference beside each finding.
Proactive review of the existing book
Review cases ahead of renewal or when new information arrives, identify possible gaps and duplications, prioritize and prepare a reasoned action plan for review.
Ongoing service
Receive a request, locate the relevant information, prepare a response and carry out actions within the system's authority. When a document is missing or approval is needed, it manages what comes next.
Professional responsibility
The recommendation is the broker's. Its basis is on record.
- A source for every finding
- Each line of a comparison points to the document, page and clause it rests on, so it can be shown to the client and checked.
- The broker approves before anything goes out
- A comparison or proposal reaches the client only after review and approval by the licence holder.
- A record of the path
- What was proposed, what it rests on, who approved it and what was sent to the client are kept throughout the process.
When information is missing or was not found in the documents received, the system says so explicitly and does not fill it in.
The next step
Start with one comparison, on a real case.
Tell us which line of business and which carriers you work with. Together we will review the information sources, the approval points and the measures of success.