Vertafore Solutions Awarded for Modernization and Humanization of Commercial Line Quotes
Denver, October May 2022 /PRNewswire/ — Vertafore®A leader in modern insurance technology, today announced that its Commercial Submissions™ solution has been recognized for technological innovation by the NU PropertyCasualty360 Luminaries program. This industry-focused recognition program highlights innovations in companies, people, programs and practices that are modernizing and humanizing the property and casualty business.
The platform was awarded for automating and simplifying one of the most time-consuming processes in the industry: quoting small business insurance. Winners are selected by a panel of industry experts.
in seconds September 2022 Vertafore surveyed 800 independent agents and found that 65% of respondents said their agents would benefit from automated quotes for commercial insurance lines. However, less than 1 in 10 said they could use the technology.
Commercial Submissions is delivering a game-changing experience for independent agents and the commercial clients they serve:
- Connect agents and operators in real-time, allowing the exchange of structured data and real-time quotes.
- Enable real-time digital collaboration with customers to complete applications quickly and accurately.
- Pre-populate information from Vertafore agent management systems and third-party sources to reduce redundant manual data entry.
The award reflects the platform’s momentum. Vertafore also recently announced the addition of the latest operator to commercial submissions, bringing more options to the solution.
“Commercial submission isn’t just about innovative technology – it’s about making it faster, easier and simpler for agents and operators to work together to provide the coverage customers need,” said james tom, Chief Product Officer at Vertafore. “We are honored that this platform has been recognized for helping to modernize and humanize market connectivity.”
as North American As an insurtech leader for over 50 years, Vertafore is modernizing and simplifying the insurance lifecycle so our clients can focus on what matters most. Vertafore’s solutions provide end-to-end connectivity across distribution channels, improving customer and agent experience, unlocking the power of data, and streamlining essential workflows to improve efficiency, productivity and profitability for independent agencies, MGAs and operators.For more information on Vertafore, please visit www.vertafore.com.
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