West Hartford, CT – September 28, 2023 — ACCEL Compliance, a leading provider of regulatory compliance services and technology solutions for insurance agents and brokers, announced today the introduction of its new GreenLight™ Producer Onboarding & Management Platform. The system delivers an easy, streamlined process for onboarding and tracking new retail agents to wholesale, MGA/MGU and carrier producer platforms.
“Several of our wholesaler and insurance company clients onboard new retail agents at a rapid rate. For the past few years, they have been frustrated by this pain point and that other solutions on the market have fallen short of their needs. We worked closely with real users and now have a system designed based on their needs. We’re excited to share it with other wholesalers, MGA/MGUs and even carriers,” commented Mike Griffin, President of ACCEL Compliance.
The GreenLight™ Producer Onboarding & Management Platform allows the wholesaler to specify onboarding requirements (e.g., E&O coverage, agency agreement, W9, license status, etc.) and builds those rules into an automated onboarding workflow. The process frees the host organization to achieve fast, secure, compliant onboarding of new agents without the traditional hassles of chasing agents for required credentials. The system’s user-friendly dashboard also allows the wholesale company to track its roster of retail agents with real-time snapshots of their compliance status.
ACCEL Compliance CEO & CTO, Bill Kuebler, added, “The common themes we heard from wholesale clients are that they wanted to build their selling platforms more efficiently and with fewer headaches, and that they wanted to monitor their producer networks to ensure that credentials were being kept fresh and audit-ready, with notifications when key credentials lapse. So far, our early adopter clients love the way the GreenLight Onboarding system accomplishes those core objectives.”
Like all ACCEL Compliance offerings, the GreenLight producer onboarding & management tools are backed by a team of insurance compliance experts with decades of experience with the insurance regulatory framework and commercial software development.
About ACCEL Compliance
ACCEL Compliance helps growth-minded insurance agents, brokers and wholesalers focus on profitable growth by providing efficient, technology-enabled regulatory and compliance services and software. ACCEL’s team of insurance regulatory specialists spend every day working with regulators and the ever-changing complexities of insurance requirements so customers can access full-time insurance compliance specialists yet only pay for what they need. ACCEL services include producer and entity licensing and maintenance, annual report management, surplus lines compliance, agent onboarding and other strategic compliance consulting services and technology solutions. Our sister company, ACCEL Law Group, is a leading advisor to insurance clients on regulatory and transactional issues unique to the highly regulated insurance marketplace.