Abacus.net, a leading manager of online insurance programs since 1998, manages high transactional programs. This translates into brokers and carrier partners benefiting from substantial efficiencies, increased revenues and cost reductions.

The results speak for themselves. Premium writings at abacus.net continue to increase annually at double-digit rates. The number of new firms signing up with abacus.net and the amount of risks quoted have increased at a similar pace.

Abacus.net benefits to insurance carriers include:

1) Loss ratios substantially below industry norms

2) Advanced automation capabilities

3) Expanded national distribution

4) Strict adherence to underwriting disciplines

5) 24/7 real time access to live data

6) No comparative rating

Brokers see an advantage to using abacus.net because of its speed and flexibility. By using the proprietary abacus.net software platform, brokers access programs and bundle coverages from different carriers into a single integrated quote. Because the abacus.net platform performs all aspects of the insurance transaction, brokers can quote, process payment, order coverage and issue policies in minutes. Abacus.net programs are available in all 50 states.

In addition to its 35 unique online programs, Abacus offers coverage options not available elsewhere online. Production programs, for example, include coverage for over 60 types of stunts, animal injury/sickness/death, and cast coverage.

“By continuously expanding the capabilities and offerings on abacus.net, we empower brokers by making them more efficient for their clients. Once they realize the value offered by abacus.net, they return to the site for future risks,” says Darren Lewin, abacus.net vice president, programs division.

Abacus continually seeks ways to enhance the user experience for brokers. One such example is the recent launch of the Abacus Message Center. The cutting-edge functionality of the Message Center allows brokers to communicate with Abacus in real time. The Message Center enables brokers to submit and manage inquiries and requests for a specific risk, upload documents, and monitor responses from Abacus.

Partnering with abacus.net has immediate marketing advantages for carriers. Carriers gain instant access to a nationwide network of more than 2,500 insurance offices, representing over 6,000 insurance professionals. Additional offices are continuously added. “These are generally smaller offices that do not have direct appointments with our carriers,” says Lewin. “They are an excellent source of new business since they are agents that carriers would not otherwise be able to reach.”

Abacus.net requires the following of its carrier partners:

1) Rating of “A” or better

2) XIV minimum financial size

3) National presence

4) A management team that shares the abacus.net vision

“Insurance companies have instant access to risks on abacus.net,” says Lewin. “Transactions and their underlying components are completely transparent. If a transaction shows up in our database, the carrier can access it—from the rating algorithms, to form assignment, to rules, policy output and applications—everything that goes into the risk. The same goes for reporting and statistics.”

As one of the pioneers of online program management, abacus.net’s experience and technical expertise generates impressive returns for the brokers and carrier partners. “Our results are superior to our peers,” says Lewin. “Abacus.net’s unique approach to risk qualification creates enhanced results for carriers—with loss ratios substantially below industry standards. That means more profit for carriers and brokers.”

For more information about abacus.net and its services to carriers and brokers, call Darren Lewin at 310-500-2302, email: darren.lewin@abacus.net or visit www.abacus.net.