Broker Buddha
Broker Buddha, founded in 2017 and acquired by Acturis in 2023, provides a platform that simplifies the insurance application and renewal process with features like interactive smart forms, application builder, and automated reminders.
Company History
Broker Buddha was founded in 2017. The company focuses on simplifying the insurance application and renewal process through its comprehensive platform. In 2023, Broker Buddha was acquired by Acturis, a leading provider of software solutions for insurance brokers. This acquisition marked a significant milestone in the company's growth trajectory.
Services
Broker Buddha offers a variety of services to streamline the insurance process for agencies. Their 'White Glove Service' includes data entry, reporting, and project management. The platform also supports the integration of e-signature for applications and automated reminders to clients for completing applications. Additionally, it includes a Net Promoter Score (NPS) survey to gather client feedback and continuously improve the service experience.
Platform Features
Broker Buddha's platform comes equipped with numerous features designed to optimize the insurance process. It includes interactive smart forms, application builders, conditional logic, and single entry capabilities. The platform saves approximately one hour for every application processed and enables agencies to receive applications from customers in an average of 3.5 days. Furthermore, it offers a 'View As' feature for agents to see exactly what the end user is viewing, along with customizable smart forms and agency branding options.
API Integration
Broker Buddha offers a RESTful API that supports CRUD (Create, Read, Update, Delete) actions for core objects, enabling seamless integration with other systems. This allows for enhanced flexibility and functionality, providing agencies with the essential tools to efficiently manage their insurance processes.
Client and User Benefits
The Broker Buddha platform is designed to cater to large/mid-market commercial businesses, small commercial businesses, and specialty submissions. Agencies utilizing the platform benefit from a library of numerous ACORD forms and carrier supplementals, as well as features for creating custom commercial lines applications, such as for rail-related coverage. The platform also allows for the tracking of insurance renewals and applications from a centralized dashboard, and includes automated reminders to ensure timely completion of applications.