Vertafore Delivers Increased Value to Customers and Extends Market Leadership

BOTHELL, Wash., Feb. 16, 2012 /PRNewswire/ -- Vertafore (http://www.vertafore.com), the leading provider of software and information to the insurance industry, today announced that its total customer count has grown to more than 20,000 organizations. In 2011, Vertafore's innovative solutions facilitated 32.9 million agency-carrier real-time transactions, representing a 26 percent year over year increase and a 491 percent increase since 2007. 

In addition to customer momentum, Vertafore is announcing that 77 percent of the companies included in the Independent Insurance Agents & Brokers of America (IIABA) Best Practices Study are empowered by Vertafore's comprehensive solutions portfolio. 

Increasing numbers of agencies and carriers continue to choose Vertafore solutions. In 2011, 800 agencies successfully moved to AMS360 via Vertafore's proven Ready, Set, Go Training and Implementation program. This brings the total AMS360 customer count to nearly 4,000.  Here are a couple new customer stories:

• Epic Insurance Professionals (AMS360 and PL Rating) – Fresh as a new independent agency, Epic Insurance Professionals (www.epicinsuranceny.com) started with a blank slate and no agency management or PL rating solution in place. In search of a technology partner that could give them a solid foundation to grow their business, Epic selected Vertafore.
  
  "We evaluated the leading solutions for two months before selecting Vertafore as the clear favorite. Epic chose AMS360 because of its ease of integration with the Vertafore PL rating system and for its robust functionality that will grow with our business so we do not have to migrate to a new solution in the next few years," said Alan Czaplicki, agency principal, Epic Insurance Professionals. "We have the industry's best solution in one place and with one company, that's priceless."

• Panoptic Insurance (AMS360 & PL Rating) – After four years of agents losing productivity because of cumbersome workflows and lack of integration with their personal lines comparative rater, Panoptic Insurance (www.panopticins.com) decided to look for other leading solutions that could seamlessly integrate and help them have a competitive edge.
  
  "Vertafore's solutions help us to focus more on serving our customers and running an efficient business, instead of having to deal with system compatibility issues," said Brian Duff, agency services supervisor, Panoptic Insurance. "Vertafore has delivered a superior level of customer service, which has helped us know that we have a true partner that is vested in our success."

"In 2011, in every second of every day a real-time transaction was performed through a Vertafore solution," said Bruce Winterburn, vice president of industry relations, Vertafore. "As the clear leader in insurance technology, it is not a surprise to see increasing numbers of agencies relying on our solutions. The industry wants the best products and services that can transform how they do business. Our momentum is a great indicator that the majority of the insurance industry trusts Vertafore more than any other vendor."

Lastly, for the second consecutive year, Vertafore was ranked by the Puget Sound Business Journal as the fifth largest software company in the Puget Sound area.

For more customer success stories and industry best practices be sure to follow Vertafore on Twitter, Facebook and YouTube.

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.

© 2012 Vertafore, Inc. All rights reserved. AMS360 and Vertafore are all trademarks of Vertafore, Inc. Other trademarks are the trademarks of the respective owners.

Contact:
Kellen Davison
Vertafore
(425) 354-6819
[email protected]

SOURCE Vertafore