BOTHELL, Wash., Oct. 8 /PRNewswire/ -- Vertafore® (http://www.vertafore.com), a leading provider of software and information to the insurance industry, today announced that Special Insurance Services (SIS) is in production with Vertafore PolicyIssuance. PolicyIssuance provides a streamlined process for Managing General Agents (MGAs) and brokers to issue policies, focusing on efficiency, productivity and cost reduction.
SIS, an MGA dedicated to providing retail agents with a market for their specialty insurance needs, selected the Vertafore PolicyIssuance solution to automate their policy processing unit.
"We are extremely happy with the initial results of the PolicyIssuance solution in our office," said Bill Kelso, CEO of SIS. "Prior to this implementation, we would rekey data from our management system directly into our policy forms. Now, PolicyIssuance has eliminated the redundant keystrokes and has increased our overall efficiency. Currently, we have general liability and commercial property in production, and we look forward to adding other lines of business and decreasing our policy processing costs."
PolicyIssuance is web-based and built to ACORD XML standards. The solution provides an efficient process for MGAs to issue policies by auto-filling data directly from their agency management system to the appropriate and most current Excess and Surplus (E&S) carrier forms. This eliminates the need for the MGA to manage the updates from the different carriers.
"We are pleased with the positive feedback from SIS and the initial introduction of Vertafore PolicyIssuance to the MGA marketplace," said Patrick McCall, vice president, Vertafore Carrier & MGA Markets. "Our goal with PolicyIssuance is to eliminate the time-consuming task of typing policies and replace it with a cost-cutting single-entry process. Vertafore PolicyIssuance continues to gain momentum among E&S carriers and MGAs."
For more information about PolicyIssuance, contact Patrick McCall at 570.645.5050.
Vertafore is the leading provider of software and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers. Vertafore leverages a unique industry presence to deliver meaningful solutions - powerful technology, critical information and robust insights to help organizations effectively respond to business challenges and capture new opportunities. Vertafore solutions have helped more than 17,000 customers and 500,000 users gain a competitive advantage to accelerate their business performance. 800.444.4813 | www.vertafore.com