September 07, 2022
PerfectQuote’s Story: How Ideon’s data powers the company’s small-goup quoting tool for brokers
“Ideon does all the heavy lifting—cleansing, filtering, refining all that data from carriers—and then they output a single, consistent data format that’s really easy for us to consume”
PerfectQuote is a SaaS solution for employee benefits brokers and agents, founded in 2017 on the hypothesis that there had to be an alternative to the manual spreadsheeting of benefits and rates. And indeed there was. With PerfectQuote’s software, benefits brokers in the large group space can now quote, analyze, compare, and present plans from carriers in all 50 states.
But what of the small-group space, you ask?
It’s a question PerfectQuote asked, too. Aaron Snyder, president and co-founder, shared the thought process as follows:
One of our main differentiators is that we support the large-group portion of a broker’s book of business, with plan and rate data that we get directly from carriers through broker proposals. But on the small-group side, which involves many more carriers, we didn’t have a solution that could support a broker’s entire book of business. So, like any nimble start-up, we developed our small group module and quickly figured out that Ideon could be a single source of truth for small group data, and eliminate some of the friction we experience within the other side of the platform.
Powered by Ideon, PerfectQuote now offers one of the industry’s leading small group quoting experiences. Want an inside look at how PerfectQuote expanded its platform? Download the case study here.