Vertafore Increases Productivity and Profitability for Independent Agencies with Advances to Market-Leading Rating Products
Bothell, WA (PRWEB) May 20, 2015 -- Vertafore, the leading provider of software that transforms the business of insurance, today announced world-class updates to their flagship comparative rating systems, PL Rating™ and FSC Rater®. Improvements include online quote storage for California agents and the ability to bundle personal line quotes for agents nationwide.
PL Rating’s new streamlined package enables agents nationwide to quote combined auto and home lines of business, without re-keying data. This new workflow allows agencies to quote more efficiently by viewing carrier results and quote proposals for both lines of business on the same screen, giving them an advantage over competitors.
“The PL Rating solution has saved our agency five full-time employees versus quoting directly on each carrier web site,” said Mike Foy, owner of Foy Insurance. “PL Rating allows us to provide what our customers expect from an independent insurance agency: that is choice of carriers and the value proposition of price, products, and processes. What makes it easy is key data is validated, some data is automatically captured for us via third-party sources, and the process is smooth.”
FSC’s new quotes in the cloud feature will allow California agencies to migrate and manage quotes from the FSC Rater solution into the Vertafore data center. This feature enables remote access to quotes, making sales possible anytime and anywhere. Quotes in the cloud provides agents with unlimited storage and includes enhanced and customizable reporting capabilities. On-the-go agents benefit from the time and cost savings of remote access, and are able to eliminate the burden of IT maintenance, such as backup, storage, or database encryption and security.
“After adopting quotes in the cloud, we realized how much time was wasted searching and managing quotes,” said Jessica Stewart at ISU Insurance Services- Armac Agency. “The ability to access all of our agents’ quotes, and organize based on various parameters, has helped drastically increase agency productivity and free up time to focus on business development.”
In today’s landscape, carriers aggressively compete on insurance quotes and pricing, training consumers to make cost their primary driver for purchase which reduces the impact of quality from independent agencies. As a result, a recent McKinsey study found that comparative-rater tools are a critical selling tool for agents as they’re able to compile, compare, and present a range of quotes on the fly.
“As market leader in California, FSC Rater is a result of the depth and breadth of our carrier connections with the power of technology and PL Rating showcases our ability to streamline smart insurance processes,” said Dave Bevan, Director of Product Management for Rating and Connectivity at Vertafore. “Early adopters of these releases have expressed numerous benefits, including better tracking and reporting of quotes, as well as increased production. It’s exciting to see these products help drive growth and operational efficiencies.”
For more information on FSC Rater’s quotes in the cloud visit vertafore.com/FSCRater and for PL Rating’s bundled personal lines, please visit vertafore.com/PLRating.
About Vertafore
Vertafore delivers cloud-based insurance software and services that transform the business of insurance. With the largest customer-base in the industry, more than 20,000 agencies and carriers leverage Vertafore’s insurance solutions that are built on today’s most advanced cloud, mobile, and information technology platforms. Only Vertafore offers the most complete portfolio of solutions for agencies and carriers to drive efficiencies and increase profitability – including agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management. For more information about Vertafore, visit http://www.vertafore.com and follow the company on Twitter, Linkedin, and Facebook.
© 2015 Vertafore Inc. All rights reserved. Vertafore and other trademarks are trademarks of Vertafore and its subsidiaries. Third party trademarks belong to their respective owners.
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Bailey Fox, (Barokas PR for Vertafore), http://www.vertafore.com, +1 206-264-8220, [email protected]
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