WisdomInterface
Finance

Monoline Launches SimpleSwitch: Revolutionizing Umbrella Insurance Book Roll, Renewals and Transfers

Monoline Launches SimpleSwitch

MINNETONKA, Minn., Aug. 26, 2024 /PRNewswire/ — Monoline is excited to introduce SimpleSwitch, our latest innovation designed to transform the renewal, transfer, and book roll processes for personal umbrella insurance policies. SimpleSwitch offers agencies a streamlined solution that enhances accuracy, efficiency, and client satisfaction, setting a new industry standard.

A Game-Changer for Agencies

SimpleSwitch simplifies the book roll, renewal, and transfer processes by providing an intuitive dashboard where agencies can manage their entire umbrella portfolio. By uploading a book of business report and existing policy documents, SimpleSwitch automatically produces approved,  bindable quotes, applying in-agency transfer discounts (where available), sending automated client communications, and downloading final documents directly into the agency management system via IVANS or Webhook.

This streamlined process reduces manual data entry, minimizes errors, and saves significant time. As demonstrated in the Impact Sheet, for an agency with a $500,000 book of business, SimpleSwitch can save 1,000 hours annually—equivalent to 3,000 hours, or 75 weeks over three years. The time saved not only improves work-life balance for account executives, but also creates opportunities for additional revenue, with a total value 217% higher than the current revenue on the same book of business.

Leadership Behind the Innovation

SimpleSwitch’s success is a testament to Monoline’s commitment to innovation and the expertise of its team. Rachel Crump, Monoline’s Agency Transfer Manager, has played a key role in the program’s development, ensuring it meets the real-world needs of agencies and account managers. With her extensive background in personal insurance on both the agency and carrier sides, Rachel has been instrumental in shaping SimpleSwitch into a tool that significantly improves day-to-day operations for agencies.

Monoline Co-Founder and CEO, Ben Phillips, emphasized the program’s impact: “The time savings will quickly compound. What would your daily operations look like once you are saving an hour or more per account? We guarantee that our platform will cut the time spent placing standalone personal umbrella policies by at least 50%.”

Rachel Crump added, “For a typical agency with a book size of $500,000, the potential benefits are transformative. SimpleSwitch is designed to make this vision a reality for agencies across the country.”

Partnering for Success

Monoline is eager to help agencies unlock the full potential of SimpleSwitch. Agencies can schedule an initial consultation onboarding session with Rachel Crump to see how SimpleSwitch can deliver significant time and revenue savings. The Impact Sheet will be tailored to demonstrate the specific benefits for your agency.

With SimpleSwitch, Monoline is not just simplifying processes; it’s reshaping the future of personal umbrella insurance book rolls, renewals, and transfers.

About Monoline

As a company, our philosophy is rooted in empathy and understanding customer needs to deliver a beneficial service. We strive to build intuitive, straightforward, and consistent products. We question the status quo, approaching problems with fresh perspectives. Gratitude underpins everything we do, as we appreciate every detail and value the relationships we build.

Our mission is simple: provide efficient and innovative solutions that empower account executives to focus on building lasting customer relationships. Our meticulously designed platform combines cutting-edge technology with a genuine commitment to addressing real-world challenges. While our initial offering is in the personal umbrella space, we’re working on a range of innovative products to simplify the lives of account executives further and redefine the personal insurance landscape.

Media Contact:
Nina McVicker
Digital Marketing Manager
Monoline
Email: nina.mcvicker@monoline.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/monoline-launches-simpleswitch-revolutionizing-umbrella-insurance-book-roll-renewals-and-transfers-302229023.html

SOURCE Monoline Inc.

Subscribe for more insights



    By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

    No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.

    SUBSCRIBE
    Image Processing

    Who We Are

    Xcellent Insights is a futuristic market intelligence firm, headquartered in New York, US that focuses on providing strategic market insights. We offer a plethora of data-centric research reports and consulting services to help customers expand and explore their business strategies, obtain clarity about current business trends and future development, and attain substantial growth. Our portfolio of services includes syndicated and custom research reports driven by end-to-end market research and market intelligence studies.

    What We Do

    We strive to offer the best market research and consulting services to our customers that will benefit them in making informed business decisions. We provide an extensive list of market research titles falling under various industry categories such as consumer goods, food, and beverages, automotive, healthcare, and chemicals, covering latest and trending market insights. Through our services, we aim to connect an organization’s goal with lucrative outcomes globally.

      Subscribe for more insights



      By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

      No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.

        Subscribe for more insights



        By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

        No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.

          Baixe o recurso completo:












          Você reconhece que a Tenable, nossas afiliadas e terceiros (conforme aplicável) listados em nossa Política de Privacidade podem transferir seus dados pessoais para fora do país em que você reside para entregar comunicações de marketing a você, e os países para os quais seus dados pessoais podem ser transferidos podem não exigir o nível equivalente de proteção de seus dados pessoais.

            Descargar ahora:










            Número de empleados

            Usted reconoce que Tenable, nuestros afiliados y terceros (según corresponda) que figuran en nuestra Política de Privacidad pueden transferir sus datos personales fuera del país en el que reside, para enviarle comunicaciones de marketing y los países a los que se pueden transferir sus datos personales pueden no requerir el nivel equivalente de protección de sus datos personales.

              Download the Complete Resource:











              I would like to receive marketing communications from Tenable regarding its products and services.

              You may opt-out of receiving our emails at any time by following the opt-out instructions included in the footer of the emails delivered to you or by visiting Tenable's Subscription Center. You acknowledge that Tenable, our affiliates, and the third parties (as applicable) listed in our Privacy Policy may transfer your personal data outside of the European Economic Area ("EEA") in order to deliver marketing communications to you, and that countries outside of the EEA may not require the equivalent level of protection of your personal data. Tenable will only process your personal data as described in our Privacy Policy.

                Download the Complete Resource:











                I would like to receive marketing communications from Tenable regarding its products and services.

                You may opt-out of receiving our emails at any time by following the opt-out instructions included in the footer of the emails delivered to you or by visiting Tenable's Subscription Center. You acknowledge that Tenable, our affiliates, and the third parties (as applicable) listed in our Privacy Policy may transfer your personal data outside of the European Economic Area ("EEA") in order to deliver marketing communications to you, and that countries outside of the EEA may not require the equivalent level of protection of your personal data. Tenable will only process your personal data as described in our Privacy Policy.

                  Laden Sie die vollständige Ressource herunter:











                  Ich möchte Marketinginformationen von Tenable bezüglich deren Produkte und Dienstleistungen erhalten.

                  Sie haben jederzeit die Möglichkeit, sich aus dem Email-Verteiler löschen zu lassen. Folgen Sie dafür einfach der Opt-Out-Anleitung im Email-Footer oder besuchen sie Tenables Subscription Center. Sie stimmen zu, dass Tenable sowie die in unserer Privacy Policy aufgeführten Partner und Drittparteien (falls zutreffend) Ihre personenbezogenen Daten außerhalb der EU transferieren, um Ihnen Marketingkommunikationen zuzusenden, und dass Länder außerhalb der EU möglicherweise nicht den gleichen Level an Schutz für personenbezogene Daten vorschreiben. Tenable wird Ihre personenbezogenen Daten ausschließlich wie in unserer Privacy Policy beschrieben verarbeiten.

                    Téléchargez la ressource complète:











                    J'aimerai recevoir des communications de Tenable concernant ses produits et services.

                    Vous pouvez refuser de recevoir nos courriels à tout moment en suivant les instructions de désinscription incluses dans le pied de page de nos emails ou directement sur page d'abonnement de Tenable. Vous reconnaissez que Tenable, nos affiliés et les tiers (selon le cas) énumérés dans notre Politique de confidentialité peuvent transférer vos données personnelles en dehors de l'Espace économique européen (EEE) afin de vous fournir des communications, et que la réglementation des pays hors de l'EEE peut ne pas exiger le même niveau de protection de vos données personnelles. Tenable traitera vos données personnelles uniquement comme décrit dans notre politique de confidentialité.

                      Subscribe for more insights



                      By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

                      No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.