QQSolutions Doubles Revenue, Grows Customer Base of QQCatalyst
Nearly a Year after Becoming a Division of Vertafore, QQSolutions Achieves Record Customer and Revenue Growth; Launches Latest Product Innovation with New Ratings Integration
Deerfield Beach, Fla. – May 5, 2016 – QQSolutions, a leading provider of agency management systems for thousands of independent insurance agencies, today announced record growth of the company’s flagship agency management solution, QQCatalyst®. Almost a year after joining the Vertafore® portfolio, QQCatalyst has achieved a 55 percent year-over-year increase in customers and almost doubled revenue. In tandem with this announcement, QQSolutions is also releasing details on a new QQCatalyst integration that will offer personal lines ratings and quotes embedded directly within the platform.
The recent success of QQCatalyst follows a year of unprecedented product innovation and new features specifically designed to help independent agents be flexible and efficient to compete in an evolving market. As technology budgets remain largely stagnant for independent agents, with 60 percent reporting no budget increases in 2015 (Aite Group), providing cost-effective, intuitive solutions are particularly critical to stay competitive. Jason Cass, owner of The Insurance Alliance, has successfully leveraged QQCatalyst to improve productivity while differentiating from the competition.
“QQCatalyst is so good in so many ways. To the customer experience needed you will have to prospect, sell, service, and cross-sell to many types of people in our society all with different needs,” said Cass. “Being able to use API technology freely allows me to be niche, versatile, and different than any other agency. That gives me a competitive advantage and the client service that my customers need.”
Additionally, the new QQCatalyst rating integration will connect rating information across the agency management system, eliminating the need to open a new program or enter data twice. This latest enhancement is designed to streamline use of the comparative rater solution which, according to McKinsey, is a critical selling tool for agents who need to compile, compare, and present a range of quotes from the office or on the go. Powered by FSC Rater® and PL Rating, the integration will be available nationwide this summer.
“Our customers provide us with a clear line of sight into what is essential for the success of their business, which has translated to a year of product innovation and improvements built on providing real value through intuitive solutions,” said Mark Malis, president of QQSolutions. “Our recent success is owed to the thousands of agile agents that we work with on a daily basis, and we look forward to continuing our growth trajectory alongside them in the coming year.”
QQSolutions, a division of Vertafore, is committed to delivering easy-to-use, innovative solutions that help agencies increase revenue and retention while becoming more productive and efficient. QQSolutions backs up its products with the best customer service in the industry and consistently earns customer satisfaction scores of over 92 percent.
About Vertafore Vertafore’s comprehensive insurance management software solutions lead brokers and carriers to adapt to an evolving insurance industry to efficiently scale their businesses through deeper access to information and insights. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore’s platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company’s blog, and follow the company on Twitter, Linkedin, and Facebook.
About RiskMatch RiskMatch is a business intelligence and analytics company that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities. For more information, visit the RiskMatch site.
Brian Brady Public Relations Manager, Vertafore +1 (720) 787-3114 firstname.lastname@example.org