ST.
LOUIS, July 30, 2024 /PRNewswire/ -- Centro
Benefits Research (Centro), an ancillary benefits consulting
and technology firm representing many of the top Brokers in the
U.S., announced the continued expansion of its broker-carrier API
(Application Programming Interface) platform with the connection of
RFP (Request For Proposal) and quote integration with a second
ancillary carrier, Principal Financial Group®.
Principal was among the first connected carriers to provide
policy-level data, including benefit details and rates for all
in-force business of Centro's Broker partners. This next iteration
of API connectivity enables Centro and Principal to seamlessly
exchange RFP data allowing both organizations to eliminate most of
the manual data entries and multiple email communications. As a
result, data accuracy and turnaround times are significantly
improved, enabling a faster and more comprehensive service for
planholders.
"Our ongoing collaboration with Principal, first through the
Policy API, and continuing with the RFP and Quoting API
integrations, has poised Centro to yield tremendous business and
operational benefits for all stakeholders across the value chain,"
said Beata Rogala, Chief Digital
Officer at Centro. "Our dedication to creating data integrations
that automate manual processes delivers a modern experience for our
users and clients, advancing our mission to transform the industry
through technological innovation."
"Principal is dedicated to providing unique experiences that add
value for our distribution partners and customers," said
Kara Hoogensen, senior vice
president for benefits and protection at Principal. "The
integration of the RFP Process API with Centro demonstrates how
we're driving meaningful progress to the overall digital experience
for our customers."
Over the next 12 months, Centro's connected carrier roadmap
includes several additional ancillary benefits carriers. By
integrating these carrier connections, over 50 percent of Centro's
clients' employee benefits products will be fully automated,
positioning Centro at the cutting edge of marketplace
innovation.
About Centro Benefits Research
Centro Benefits Research is an ancillary benefits and technology
consulting firm that enables brokers and carriers to deliver the
best possible outcomes for their mutual customers through powerful
research, deep industry expertise and the creation of digitally
focused platform efficiencies that drive business growth. Centro's
mission remains squarely focused on bringing modern technology to a
legacy insurance process and helping all stakeholders in the system
work more effectively. For information, visit
centrobenefitsresearch.com.
About Principal Financial Group®
Principal Financial Group® (Nasdaq: PFG) is a global
financial company with 20,000 employees1 passionate
about improving the wealth and well-being of people and businesses.
In business for 145 years, we're helping more than 62 million
customers1 plan, protect, invest, and retire, while
working to support the communities where we do business, and build
a diverse, inclusive workforce. Principal® is proud to
be recognized as one of the 2023 World's Most Ethical
Companies2, a member of the Bloomberg Gender Equality
Index, and named as a "Best Places to Work in Money
Management3." Learn more about Principal and our
commitment to sustainability, inclusion, and purpose at
principal.com.
1 As of March 31,
2024
2 Ethisphere, 2024
3 Pensions & Investments, 2023
Media contacts:
Rachel Pennington, Operations and
Marketing, Centro, rachel.pennington@centrobenefits.com
Lauren Peed, Public Relations,
Principal Financial Group, peed.lauren@principal.com
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SOURCE Centro Benefits Research