Bothell, WA (PRWEB) March 08, 2016
Vertafore, the leader in modern insurance technology, today announced the winners of Vertafore®-sponsored awards presented at the NetVU16. These awards included Agency of the Year – Marshall & Sterling, Carrier of the Year – Nationwide, and the Vertafore Vanguard Award for Innovation – Risk Strategies Company. Recipients were selected internally by Vertafore and were evaluated on significant business or customer results achieved using Vertafore technology. Winners accepted their awards on stage at the invitation-only NetVU16 awards gala on Thursday, March 3rd at the Henry B. Gonzalez Convention Center in San Antonio.
“This year’s award winners have used Vertafore technology to make meaningful strides in improving internal operations, driving productivity and contributing to profitability, in such a short time after deployment,” said Greg Wright, senior vice president of agency and carrier solutions at Vertafore. “These exemplary use cases are why we come to the office every day and continue to fuel the fire of product development and innovation.”
This year’s Vertafore award winners include:
Agency of the Year: Marshall & Sterling
Ranked as one of the top performing agencies in the US, Marshall & Sterling has 26 locations and 450 employees in 5 states and the US Virgin Islands. The agency services customers across a variety of product lines including business and personal insurance, group benefits, equine, bonds, and wealth management. Recently, the agency switched to Vertafore, seeking help in its cloud migration. After completing its cloud deployment and implementing AMS360, BenefitPoint and WorkSmart, Marshall & Sterling has experienced significant time and cost savings, increased control over internal operations and greatly reduced E&O exposure.
Carrier of the Year: Nationwide
Nationwide has set the “ease-of-use” standard for carriers, after it rolled out ACORD eDocs and ACORD Messages (formerly Activity Notes) in late 2014 with both commercial documents and billing notifications. Today, nearly 600 agents are using eDocs, a number that is quickly expanding. Its latest initiative, pushing adoption of its claims download, has a seen a 50 percent increase in agent adoption within the last year. Nationwide is also investing heavily in other business and technology solutions to improve performance and usability partnering with Vertafore to identify new and improved integration capabilities.
Vertafore Vanguard Award for Innovation: Risk Strategies Company
The Vertafore Vanguard Award for Innovation is designed to recognize insurance professionals driving change and innovation, and this year’s winner is no exception. Risk Strategies Company began working with Vertafore in 2012 to build on their existing AMS360 agency management system, at which point it plotted aggressive growth goals, with a heavy emphasis on growth through acquisition, after seeing the initial productivity and operational efficiencies driven by Vertafore solutions. With Vertafore as Risk Strategies’ technology partner, the agency has been able to achieve an average growth rate of over 60 percent year-over-year since, despite the evolving insurance landscape.
Vertafore offers the broadest and most adaptable technology solutions to better prepare the insurance industry for digital disruption. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore’s platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit http://www.vertafore.com, read the company’s blog, and follow the company on Twitter, LinkedIn, and Facebook.
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