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Sheridan Insurances

Case Study

This leading insurance broker has deployed Prommt to great success.

Introduction

Sheridan Insurances is a leading insurance broker operating from Cavan in the north east of Ireland. Founded in 1979 by Benny and Miriam Sheridan, the company has carved out a niche by providing bespoke customer service tailored to each and every client. This has set them apart in a highly competitive landscape, with the company boasting customers in various sectors nationwide. 

The Challenge

Previously, the group took payments for mid-term adjustments and policy renewals over the phone, but more and more, this restricted payments to be taken by advisors only during working hours. With a focus on customer service, it was vital that they had a payment process that would follow suit and give more flexibility to their customers. 

Furthermore, refunds that were due to customers for mid-term policy changes created a huge amount of administration. Sending cheques for small refund amounts was laborious and ensuring those cheques were cashed, as per regulatory requirements, created a massive burden.

The Solution

Prommt was selected by Sheridan Insurances to provide a much more efficient solution to these challenges. They implemented Prommt in April 2020 to great success.

Direct payments for new policies are no longer taken over the phone. When the policy premium has been agreed, the client receives a secure personalised payment link via email, sms or staff members can send a simple pay-by-link by using Prommt’s new ShareLink feature – this has proven to be particularly popular, as a payment request can be copied directly from the platform and then deployed via web chat, WhatsApp, or within any ongoing communication with customers.

Best of all, refunds can be applied instantly via the Prommt system, eliminating the need to issue cheques and track the status of those cheques. This has been a real game-changer for Sheridan Insurances.

 

Benny Sheridan ouside the Slane office of Sheridan Insurances in 1985

Since we started using Prommt, it has given us peace of mind, knowing that we no longer need to take customers credit card details, and the added bonus of saving us time, energy and money. It’s lean and a massive help to the team at Sheridan Insurances.

Benny Sheridan

Sheridan Insurances

The Results

Prommt has been a hugely successful solution for Sheridan Insurances. It has significantly reduced the time and resources required to manage payments and refunds, offering their clients a flexible and secure way to make payments. Ultimately, Prommt allows staff to focus on what really matters: providing the best quotes and insurance advice possible to their long list of loyal clients.