Bothell, WA (PRWEB) September 24, 2013
Vertafore (http://www.vertafore.com), the leading provider of software that transforms the business of insurance, today announced the launch of Vertafore AgencyEDGE, an online service that provides a single-source where agencies can quickly perform licensing transactions in any jurisdiction, and easily ensure they are authorized to sell.
The solution was developed specifically for agencies that do not have full-time, dedicated licensing or compliance administrators on staff. AgencyEDGE simplifies licensing in all states by harnessing the power of Vertafore Compliance Express licensing transaction and rules engine used by large agencies and insurance carriers.
“At Lowest Provider, we are a growing life insurance agency. Before finding Vertafore, keeping up with licensing and regulation was a nightmare. Thankfully the association we are involved with had recommended we try Vertafore, which has since been an absolute blessing to our company,” said Jared Graves, Co-Founder, Lowest Provider Insurance Services, LLC. “AgencyEDGE has been super easy to use. It allows us to pay one bill at the end of the month for all of our licensing. It also sends us reminders on when we are due to renew any of our corporate or agent licenses. Vertafore has saved us a ton of time and hassle and has been an integral part of us being able to grow our business.”
AgencyEDGE is part of the Vertafore Agency Platform™ cloud-based solution and is accessible 24/7 from anywhere that has an internet connection. The user-friendly interface gives agencies quick and easy access to manage agency licenses. In less than two minutes, an agency can subscribe to the service and load their licenses automatically to ensure their authorization to sell by state and line of business.
The new solution enables agencies to avoid costly fines by capturing application errors before submission, reducing reapplication and compliance violations. The AgencyEDGE solution also automatically translates complex regulatory jargon into the language of insurance, helping agencies save time in the application and renewal process. Lastly, by making sure producers are licensed to sell the products and services they represent, agencies can have the peace of mind that they are better protected from E&O and compliance risks and related fines so they can protect their reputation by staying out of the newspapers for negative reasons.
“There are many licensing rules, tasks and pieces of information to track and manage for an insurance agency to get and stay authorized to sell. It is time consuming and costly to manage all of this without advanced, yet easy to use tools to help. We are committed to increasing efficiency by automating licensing processes while giving agency leadership peace of mind that compliance risks are managed,” said Tim Owen, Vice President of Product Management at Vertafore. “Licensing and compliance is an important issue, but it does not have to be a big technology and business headache. With AgencyEDGE, we empower agencies to spend more time selling and servicing clients.”
Today’s leading agencies are moving beyond agency management systems, embracing new tools and technologies to help them grow their businesses. Learn more here - http://www.vertafore.com/more-than-a-management-system.
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 http://www.vertafore.com.
© 2013 Vertafore Inc., Vertafore and other trademarks are trademarks of Vertafore and its subsidiaries. All rights reserved.