LineSlip Named a 2022 Business Insurance Innovation Award Winner
For this year’s award, a panel of experienced risk managers evaluated seventy-five nominations and selected what they considered to be the twelve most innovative companies and projects.
It is an enormous honor to be recognized as an essential player in the broader campaign to modernize the insurance industry. We are so grateful to our hardworking team who continues to enhance our offerings, as well as our forward-thinking clients who nominated us. Today we’re offering a behind-the-scenes peek at what our clients had to say about us in those nomination letters.
In their own words
One Fortune 500 client summarized the value we bring in terms of relationship management and answering questions from financial leaders.
My team and I rely on LineSlip to provide a high-level view of information about our risk management and insurance program. When we approach a policy renewal, for example, LineSlip puts our program costs at our fingertips. This helps us in our relationships with our insurers. The platform also helps us answer questions from financial leaders, such as how much our organization is paying for coverage and how that might have changed over time.
Another Fortune 500 client painted this before-and-after view of LineSlip:
As a risk professional, I have found the LineSlip technology platform to be a highly effective and innovative tool. Before we began using LineSlip, our organization used multiple files and separate folders to organize risk management and insurance policy data. Despite time-consuming, manual processes to compile data, we lacked the ability to put together a full view of program.
With LineSlip, we are now able to get a snapshot and dashboard look at our entire program. In addition, we are able to search key metrics and data with a click. With this capability, we can obtain better renewal pricing and are able to talk through the broader relationship with each of our carrier partners.
Centralized reporting on all of our policies in one location also is tremendously efficient for us. My team and I are able to generate executive-ready reporting through LineSlip without a lot of tweaking.
A third client nomination letter highlighted how LineSlip helps them manage a complex risk management program:
Our organization has relatively complex risk management and insurance program, with a captive entity, and we work with three insurance brokers. LineSlip’s system enables us to see information on all our policies as well as our Total Cost of Risk. We use it to monitor trends and costs, and to analyze the lines of business where we are spending our premium dollars.
It’s a gratifying feeling to know exactly how much we improve the lives of our risk management clients — giving them the tools and access they need to be more strategic and efficient in their work. Innovation in a field like insurance can feel like swimming upstream, but achievements like this remind us that it’s worth it.