HawkSoft and RiskAdvisor Partner to Enhance Data Management in Insurance

HawkSoft, based in Canby, Oregon, has announced a strategic partnership with RiskAdvisor to enhance data management solutions for independent insurance agencies. By integrating HawkSoft's agency management system with RiskAdvisor’s platform, this collaboration aims to streamline the data intake process and improve the quality of information collected from clients, addressing key challenges in the insurance industry.

Streamlining Data Intake and Enhancing Efficiency

According to David Watson, Founder and CEO of RiskAdvisor, the integration will help standardize data intake processes, significantly reducing the need for repeated data entries. This not only enhances operational efficiency but also improves the visibility of potential new business opportunities at an early stage. As Watson notes, "RiskAdvisor was developed from the perspective of an independent agent who understands the challenges of inconsistent data slowing down agency operations."

Modernizing Insurance Workflows

Historically, many insurance agencies relied on spreadsheets, emails, and various forms to collect client information, resulting in inefficiencies during quoting and policy issuance. The RiskAdvisor platform, now integrated with HawkSoft, allows for consistent and standardized data collection, whether managed by clients themselves, producers, customer service representatives, or virtual assistants.

Rushang Shah, Chief Marketing Officer at HawkSoft, emphasizes the collaboration's value in aligning with carrier appetites during the data collection and quoting process, highlighting unique advantages in identifying carrier preferences through improved intake methodologies. "We are thrilled to partner with RiskAdvisor," says Shah.

While HawkSoft and RiskAdvisor remain independent entities, this collaboration is part of HawkSoft’s ongoing strategy to expand its Solution Partner ecosystem. The goal is to provide agencies with varied options to modernize and streamline their operational workflows, ensuring compliance with regulatory requirements and reducing underwriting delays caused by incomplete data.