PolicyIssuance

Work with your insurance partners to turn policies faster

Turn policies in hours, not days

For MGAs and MGUs, remaining profitable means increasing submissions. But speed to market comes with an overlooked cost: E&O exposure. You need to ensure that policies are assembled correctly and accurately – every time. With Vertafore PolicyIssuance (VPI), data from your insurance management system is populated into carrier form sets, allowing you to drastically reduce policy issuance time while maintaining accuracy.

 

 

Why PolicyIssuance?

Eliminate duplicate data entry

Maintain form accuracy and completeness, without having to enter information twice.

Update forms instantly

Reduce carrier form updates from 60-90 day cycles to real-time in order to turn policies faster.

Issue custom libraries

Author custom form libraries for Lloyd’s of London or other carrier partners.

"From what we’ve seen so far, this could save us and our carriers a tremendous amount of time, money, and resources."

Mike Roy, CIO

CRC Insurance Services, Inc.

Advantages for MGAs/MGUs

Time savings

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Safeguarding/improved accuracy of data

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Overall increased efficiencies

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