NFP Partners with Relay Platform to Implement New Panel API Solution, I5
NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced a strategic partnership with Relay Platform (Relay). Through this partnership, NFP has started to implement Relay's I5 solution to support brokers and carriers by digitizing P&C insurance panels, a shortlist of insurers in select business lines with renegotiated terms and conditions that consolidate volumes and simplify recurring transactions for brokers.
As brokers work to digitize P&C insurance panels and specialty businesses, I5 offers a solution for complete quote collection, reducing the time and effort needed to assemble a client proposal by at least 50 percent. Using I5, brokers can organize and compare quotes digitally through a combination of traditional email-based and automated quotes, and dynamically generate client proposals, particularly for larger, more complex placements. The transformational, automated workstream creates more efficient lines of communication between brokers, clients and carriers, while allowing brokers to capture placement data and metrics in real time.
"Implementing I5 allows us to continue making process refinements that increase efficiency, strengthen relationships, and help us help our clients address their most significant and complex risks," said
"I5 simplifies the quote collection and comparison process for brokers, provides clients with faster proposals and insights to make better decisions, and unlocks underwriting efficiencies for carriers," said
About NFP
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately-owned broker (
About Relay Platform (Relay)
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