Solution continues to gain momentum among Excess & Surplus carriers
Sep 01, 2010
BOTHELL, Wash. – September 1, 2010 – Vertafore (http://www.vertafore.com), a leading provider of software and services to the insurance industry, today announced that Nautilus Insurance Group will license its Vertafore PolicyIssuance product. Web-based and built to ACORD XML standards, PolicyIssuance provides an efficient process for General Agents (GA) to issue policies on behalf of their Excess and Surplus (E&S) carriers. Nautilus Insurance Group, a W. R. Berkley Corporation member company, selected PolicyIssuance to enable its General Agents to have access to their policy forms library, receive real-time policy form updates and improve their GA’s efficiency via the Vertafore PolicyIssuance integration with their agency management system.
“We are very excited to work with Vertafore on this game-changing solution,” said Rich Shemitis, executive vice president at Nautilus Insurance. “We selected PolicyIssuance because we believe the payoff for our wholesalers will be exceptional. The real value comes from the efficiencies gained in both form maintenance and policy issuance.
The agreement demonstrates continued traction for Vertafore PolicyIssuance among E&S carriers. The solution provides an efficient process for General Agents to issue policies, virtually eliminating keystrokes. With PolicyIssuance, data is extracted from the agency management system, and the software analyzes the data based on an underwriting rules engine. Once all the mandatory data is complete, the software automatically selects the required policy forms and merges the data into form sets, totally eliminating the re-keying of data.
“We designed PolicyIssuance as a flexible web-based architecture so that carriers like Nautilus Insurance can easily integrate the solution with the internal systems and services they offer their General Agents,” said Harry Snyder, vice president, Vertafore Carrier & MGA Markets. “We are looking forward to working with Nautilus and assisting the company in making it easier for General Agents to do business with Nautilus.”
Vertafore PolicyIssuance is available now. For more details, contact Patrick McCall at 570.645.5050.
About Vertafore Vertafore delivers software and services that transform the business of insurance. Unique to the industry, more than 20,000 customers rely on Vertafore to provide integrated technology that connects the entire industry with the most complete source of solutions—agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management—so their businesses run better and are more profitable. For more information about Vertafore, please visit www.vertafore.com.
Media Contacts:Kellen DavisonVertaforekdavison@vertafore.com(425) 354-6819
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