Centro Benefits Partners with Pacific Life to Innovate Quoting
Centro Benefits Research Elevates Digital Quoting Experience
New API Connectivity Simplifies Employee Benefits for Brokers
CENTER FOR RESEARCH — In a groundbreaking move, Centro Benefits Research (Centro), a premier provider of ancillary benefits consulting and technology solutions, has collaborated with Pacific Life. This partnership marks a significant step toward creating a fully integrated digital request for proposal (RFP) and quoting framework for employee benefits.
Seamless Integration of Technologies
The incorporation of Pacific Life into Centro's robust broker-carrier application programming interface (API) platform introduces new efficiency and accuracy in the quoting process. This technological synergy paves the way for a comprehensive approach to handling employee benefits products online.
Key Benefits of the API Integration
With this cutting-edge API technology, Centro and Pacific Life enhance the accessibility and speed of quotes for various employee benefits products ranging from dental and vision insurance to life and disability coverage. This means brokers can efficiently manage these services through a single digital portal.
Revolutionizing the Broker Experience
Pioneering change in how brokers engage with technology, this collaboration significantly reduces reliance on traditional email communications and paperwork. The streamlined process afforded by these developments enables brokers to access the entire suite of Pacific Life products directly within Centro's Broker Portal. This integration not only minimizes administrative burdens but also optimizes the responsiveness needed during peak quoting seasons.
Focus on Enhanced Efficiency
As time becomes increasingly valuable, the ability for brokers to devote more of it to their clients, rather than administrative tasks, represents a profound advantage. Thanks to the API integration, stakeholders can efficiently manage their services and enjoy increased turnaround times.
A Competitive Edge in the Market
With the addition of Pacific Life, Centro's platform now connects six major ancillary carriers, offering about 80% market coverage. This positions Centro as a leader in providing a comprehensive, integrated solutions platform for employee benefits. With plans for three more integrations, the platform is set to become even more expansive and user-friendly.
Empowering Agency Operations
According to Treg Balding, Chief Revenue Officer of Centro Benefits Research, this integration augments the long-standing mission to deliver an efficient, digital workflow for brokers. The streamlined connectivity enhances accuracy, while the automated processes empower agencies to operate profitably and effectively.
Commitment to Digital Transformation
As the employee benefits industry evolves towards digital solutions, this partnership highlights both companies' unwavering commitment to innovation. By leverage the strengths of modern technology, Centro and Pacific Life create a more encompassed and beneficial experience for all end-users, including brokers and employers.
About Centro Benefits Research
Centro Benefits Research specializes in consulting for ancillary benefits, employee communications, and technology solutions. Through extensive research and industry expertise, Centro empowers brokers to maximize the impact of their benefits offerings. They aim to modernize the antiquated processes in insurance, creating efficiencies that drive growth.
About Pacific Life
Pacific Life has been providing financial solutions for individuals and businesses for nearly 160 years. With a focus on innovative products tailored for various markets, including workforce benefits and reinsurance, Pacific Life underscores its role in helping customers achieve financial security.
Frequently Asked Questions
What is the main focus of Centro Benefits Research?
Centro Benefits Research specializes in providing consulting for ancillary benefits and technology solutions that enhance broker operations and employee communications.
How does the API technology benefit brokers?
The API technology simplifies access to employee benefits products, streamlining quoting processes and reducing administrative tasks for brokers.
What products are available through this integration?
Brokers can access a range of employee benefits products, including dental, vision, life, disability, and supplemental health insurance through Centro's Broker Portal.
What does the partnership between Centro and Pacific Life aim to achieve?
The partnership aims to create a fully digital quotation and RFP experience that improves efficiency, accuracy, and overall service delivery for brokers.
How many carriers does Centro connect with after integrating Pacific Life?
With the integration of Pacific Life, Centro's platform now connects with six major ancillary carriers, covering approximately 80% of the market.
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