MJ Insurance, a US-based privately-owned insurance agency, has chosen TowerIQ’s suite to power its digital transformation.
TowerIQ (TIQ) team will help MJ’s Risk Management team to make advancements in standardisation, automation, and API’s across the complete book of business.
The TIQ suite will help MJ to boost efficiency and focus on customer services. MJ Insurance caters to a wide group of clients in more than 16 countries and every US state.
With this digital transformation initiative, MJ Insurance aims to achieve self-sufficiency, operational efficiencies, and provide an ‘exceptional’ service experience and expert consultation to customers.
MJ Insurance president and COO Jon Loftin said: “Serving the need of our clients is our top priority, and we’ve undertaken this partnership to address those needs as part of our digital transformation strategy. We knew we needed to make a fundamental change and that data standardization was a critical requirement.
“TowerIQ’s flexible data architecture and APIs infrastructure will provide the foundation for the next-generation of services and partnership our clients deserve.”
TIQ CPO Igor Ostrovsky said: “By future-proofing MJ’s tech stack they will no longer be locked into any AMS system, Acord data structures, or custom client spreadsheets. We’re happy to add MJ Insurance to the towerIQ family and look forward to helping them grow and succeed.”
TowerIQ is powered by more than 300 APIs, with every data point from a carrier supplemental to an individual cell within a schedule being accessible by API. This becomes possible due to TowerIQ’s patented pending data normalisation engine.