Zywave Overview
Zywave is a leading insurtech company that specializes in providing innovative, comprehensive solutions to the insurance industry, focusing on digital transformation, distribution, and profitability.
What Zywave Does
Zywave connects insurers, agents, and brokers through a robust digital platform, enabling a seamless, end-to-end experience in the insurance lifecycle. The company aims to revolutionize the insurance market by leveraging smart technology to power digital transformation at every stage of the insurance process.
Key Features and Functionality
Digital Quoting and Distribution
Zywave is the largest enabler of digital quoting in the insurance industry. Its platform, particularly the Cyber Quoting solution, streamlines the quoting process by connecting global cyber insurers and U.S. distributors. This platform provides key insights into coverage needs, selection, and limit adequacy using industry data and loss profiles, helping brokers make informed recommendations to clients.
Content Management and Customization
Zywave’s Content Cloud platform offers extensive content management capabilities, including the ability to upload, organize, and dynamically apply unique branding to thousands of content pieces. Features include multi-agency content management, bulk uploading, sub-folder creation, duplication detection, and folder structure customization. The platform also integrates with leading CRM systems to recommend relevant content based on account data.
Learning and Training
Zywave Learning is a Learning Management System (LMS) that optimizes training programs by providing a centralized content library, dynamic learning content creation, and the ability to deploy online courses. It includes features for managing learning programs, tracking progress, and enhancing cross-departmental collaboration through forums, comment sections, and blogs.
Workflow Automation and Analytics
Zywave’s solutions automate routine workflow processes, including task assignments, due dates, reminders, and approval chains. The platform offers data analytics tools for medical plans, claims, and losses, helping insurance organizations make better-informed business decisions and drive business growth.
Benchmarking and Loss Data
The Cyber Quoting platform incorporates benchmarking and loss data from over 400,000 insurance programs and 200,000 cyber losses annually. This data helps brokers evaluate coverage models, identify potential loss gaps, and provide sophisticated insights into coverage limit adequacy.
Client Engagement and Risk Management
Zywave provides tools and resources for client service, engagement, and education. The platform delivers industry-specific content and offers data analysis to enhance client services, manage risk, and promote health, wellness, risk management, and safety.
Conclusion
In summary, Zywave’s comprehensive suite of solutions is designed to enhance efficiency, automate workflows, drive business growth, and provide sophisticated insights and tools for the insurance industry, making it a leader in the insurtech sector.