With an ever-increasing array of InsurTech choices, many independent agencies report they are struggling to select the solutions that will truly enable their growth, now and in the future. Vertafore released new data that shows agencies who invest in four key pillars of modernization, supported by the company’s InsurTech offerings, can see up to three times the revenue and profitability growth year-over-year compared to industry averages.
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To help more of North America’s approximately 36,500 independent agencies achieve this result, Vertafore announced its Modernizing the Agency initiative to empower agencies to:
- Offer a client digital experience that puts policy data and simple transaction capabilities in the palm of customers’ hands in the mobile app experience they’ve come to expect.
- Implement robust agency management solutions that enable efficiency and visibility to drive profitable growth and empower employees.
- Access market connectivity solutions that simplify the insurance lifecycle and get agents and the end-insured the information they need to make policy decisions immediately.
- Leverage data and insights for enhanced customer intelligence, informed risk advisory and automated workflows.
Vertafore plans to unveil its Modernizing the Agency strategy, as well as a series of related product and feature announcements, during the virtual kickoff event for the Summer of Accelerate, powered by NetVU, June 9 – 11.
“Vertafore has long been a champion of the independent agent. Now, we’re pushing ahead to deliver a comprehensive vision for agency modernization that streamlines and simplifies the insurance lifecycle for agencies and the end-insured,” said Vertafore CEO Amy Zupon. “By investing in new features, capabilities and education around the four most essential pillars of modernization—the client digital experience, agency management, market connectivity and data and analytics—we aim to help more agencies achieve sustained business growth.”
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