(PRWEB) May 09, 2012
Vertafore (http://www.vertafore.com) a leading provider of software that transforms the #insurance industry, today announced that it has deployed Vertafore PolicyIssuance to Nautilus Insurance Group, a W. R. Berkley Corporation member company, and Specialty Insurance Managers Inc., both of which have begun reaping the benefits of improved business processes. Web-based and built to ACORD XML standards, PolicyIssuance provides an efficient process for general agents (GA) to issue policies on behalf of their Excess and Surplus (E&S) carriers.
Vertafore PolicyIssuance provides an efficient process for General Agents to issue policies, virtually eliminating keystrokes. With PolicyIssuance, data is extracted from the agency management system, and the software analyzes the data based on an underwriting rules engine. Once all the mandatory data is complete, the software automatically selects the required policy forms and merges the data into form sets, totally eliminating the re-keying of data The automated solution has streamlined Nautilus’ processes enabling its agents to efficiently issue policies for general liability and commercial property.
"Vertafore PolicyIssuance moves us to the next level in ease of doing business. Eliminating keystrokes and reducing the opportunity for errors makes our general agents more efficient when they work with Nautilus," said Brad Lontz, CIO, of Nautilus Insurance Group.
Nautilus works with insurance agency Specialty Insurance Managers who also just went live with PolicyIssuance and is a user of Vertafore’s AIM management system. PolicyIssuance integrates with AIM and other management systems to help agents eliminate keystrokes and the manual selection of policy forms during the policy issuance process.
“Before PolicyIssuance, it would take 10-15 minutes per policy to enter the data into all of the necessary forms; Vertafore has transformed our business as it now takes only 5 minutes,” said Christi Menke, Vice President of IT for Specialty Insurance Managers Inc. “Being able to enter policy data in less than half the time and with the confidence that it is accurate the first time has freed us to not only issue more policies, but to focus on other business operations that need attention. We look forward to the future growth we will achieve due to increased efficiencies.”
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.
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