The excitement around Commercial Submissions continues to grow with our latest carrier partner to go live on the platform: Westfield Insurance.
Westfield is known throughout the independent agent channel as a leading personal and commercial lines property-casualty insurance company, backed by an exceptional team known for expertise and caring. Westfield is distinguished by excellence in commercial insurance and serves independent agents in 21 states.
Agencies using Commercial Submissions to quote business insurance can now access Westfield for both its SureStep® BOP and general liability via the platform, with the addition of workers’ compensation coming soon.
“Westfield is all about speed, efficiency and flexibility at the point of sale or service. And that means, meeting our agents where they’re transacting business,” says Eddie Riveiro, Vice President of Business Development and Portfolio Underwriting for Westfield Small Business. “We’re pleased to partner with Vertafore to help enable our brokers and agency partners place a greater volume of business at a faster pace, offer more value to their commercial customers and achieve quicker turnaround on quotes and issued policies.”
A game-changer for commercial quoting
Commercial Submissions solves one of the insurance industry’s most enduring friction points for quoting for essential business coverage. While commercial insurance lines account for nearly half of all P&C premiums written in the United States, the process of securing business insurance hasn’t kept pace with the modern consumer experience for personal lines.
Unlike personal lines, where agents can generate rates from multiple carriers in minutes and secure coverage for their clients with a few clicks, quoting commercial coverage is labor-intensive, repetitive, and time-consuming for independent insurance agents.
Commercial Submissions significantly reduces the manual labor, multiple touchpoints and duplicate data entry that independent agents currently spend to find the right coverage for their business clients by:
- Prefilling information from Vertafore agency management systems and third-party sources to reduce redundant, manual data entry.
- Connecting agencies and carriers in real-time, allowing the exchange of structured data and real-time quoting.
- Enabling real-time digital collaboration with clients to complete applications quickly and accurately.
As a result, agencies can quickly get quotes from carrier partners like Westfield and provide their clients with faster service and more coverage choices. Agencies on the platform report a 30% to 60% reduction in the time it takes to submit business.
As part of its commitment to improve market connectivity between independent agencies and insurers, Vertafore is making Commercial Submissions available to its customers at no charge through September 30, 2022.