As a lawyer, it is important for you to be able to see detailed contract information and trace decision-making and communications. This will mean you are in the informed position to be able to make comment or recommendations to your client.
Yellowblox, the bespoke insurance communications hub, allows you to track any correspondence affecting the policy or a claim in real-time.
Yellowblox cuts out the paper trail. Instead of waiting days when there are any changes to or claims on a policy, every interested party - from clients through to the reinsurance brokers, underwriters, lawyers or third party advisors (TPA) - is given an email alert so they have instant information.
This means that instead of having to be at the side of your client while reviewing contract information, you can be remain actively involved, and aware of all contract changes from your office. This means that you can respond more quickly to contract questions and legal considerations thereby providing a better, more valuable, service to your clients.
Not only is this bespoke system secure, it leaves an audited electronic footprint that can be accessed online 24 hours a day. Via the email alert function, all concerned parties - brokers, underwriters, lawyers and third parties - are made aware of the update and can simultaneously view the contract, policy or a claim. Any queries can be dealt with quickly and changes made instantly.
Yellowblox - key benefits to lawyers:
-
FULL AUDIT TRAIL
-
A full audit trail is vital for you to make sure that your client is getting the best deal. Yellowblox leaves a clear record of who has done what to a contract or a claim in case there is a problem and legal proceedings need to be taken.
-
Yellowblox also makes sure that there is a full repository of contract history creating a comprehensive audit trail and so regulatory compliance is enhanced.
-
The process also promotes openness from all parties as all communications are recorded - and keeps the client informed of what the broker and underwriter are doing.
-
TIME SAVING
-
You will save time by not having to be at your client's side during the setting up of policies, renewals and claims process.
-
You will be kept abreast of all changes automatically.
-
RECDUCED ADMINISTRATION
-
As information is going to all parties at the same time, this will save everyone involved time.
-
Yellowblox will eradicate the need for letters and faxes, leaving you more time to build on existing client relationships and look for new clients.
-
Less administration leads to quicker settlement of claims, which will make your job easier and take up less of your time.
-
SECURITY
-
Yellowblox.com is a secure site with full firewall protection, so there is no need to worry that any unauthorised party will be able to access your client's data.
-
Username password authentication and database server are kept on separate servers.
|
"Market Innovator
Resource Intermediaries