eDocs Savings Calculator | Centre for Study of Insurance Operations

General

On average, how many policy documents per day do you receive from insurers?

What is the hourly rate of the employee who organizes your policy documents?

$ /hr

Do you receive policy documents via mail and/or courier?

Yes No

On average, how many employee hours per day are required to open, sort and date-stamp policy documents?

hrs

Do you download policy documents from insurer portals?

Yes No

On average, how many employee hours per day are required to download policy documents from insurer portals?

hrs

Do you store policy documents in your Broker Management System (BMS)?

Yes No

On average, how many employee hours per day are required to scan policy documents and attach them in your BMS?

hrs

What is your average cost per month for policy document shredding/disposal?

Do you physically archive policy documents?

Yes No

On average, how many employee hours per day are required to physically archive policy documents?

hrs

What is your average cost per month for external storage?

Cost Savings Time Savings

* Assumes 8 hour workdays, and 250 workdays per year

CSIO has published a number of informative resources to help promote and support the use of eDocs in the broker distribution channel: