Artificial Intelligence Fintech InsurTech News

Vertafore Unveils New InsurTech Solutions Proven to Help Insurance Agencies Modernize and Boost Profitable Revenue

InsurTech Leader Delivers Industry's First Commercial Submissions Platform to Agency and Carrier Design Partners

Summer of Accelerate Kickoff attendees get first look at features and products built on Vertafore’s exclusive new Titan Technology

To help thousands of independent insurance agencies modernize and grow their business, Vertafore unveiled a slate of new tools, features and products to automate and simplify insurance. The new enhancements are built on Vertafore’s groundbreaking Titanâ„¢ technology, which has empowered the company to deliver 50% more features year-over-year.

Read More: TerraPay Announces Readiness for the New World by Strengthening Management

Vertafore announced the new offerings during its virtual Summer of Accelerate Kickoff as part of its roadmap to enable agency modernizing through four key areas: client digital experience, agency management, market connectivity and data insights. Data from Vertafore’s customers shows that agencies that invest in these areas can see nearly three times the profitable revenue growth compared to industry averages.

Read More: GlobalFintechSeries Interview with Brandon Dewitt, Co-founder and CTO at MX

Delivering the Modernizing the Agency vision through rapid product innovation

Vertafore’s Modernizing the Agency approach helps independent agencies leverage a comprehensive strategy rather than simply buying and deploying ad hoc software. With a holistic strategy, agencies can trust that the digital tools they choose will not only integrate seamlessly and simplify workflows but also deliver the productivity, customer satisfaction and business gains they need to be more competitive.

Vertafore is unveiling a host of new solutions and enhancements in the four key areas shown to most help agencies thrive, including:

  • Client digital experience: Payment processing for InsurLinkâ„¢, available later this summer. InsurLink equips independent agents to offer a branded, integrated self-service portal for their end-insured. Just launched in March, InsurLink has already received industry accolades and the new features illustrate Vertafore’s ability to deliver products and enhancements faster than ever before. Agencies that leverage a client engagement platform are renewing customers at up to 5% points higher than those that do not.
  • Agency management:
    • AMS360 Connectâ„¢, available now, and Sagitta Connectâ„¢, coming later this summer, to integrate Vertafore’s management systems with leading CRM solutions;
    • AMS360 Mobileâ„¢ to allow agents to use AMS360® on-the-go;
    • Trust Account Management and more than 20 AMS360 enhancements in accounting, administration, ACORD, customer and policy, and workflow, coming later this summer with AMS360 20R1. Improving end-to-end automation and real-time data synchronization saves time, money and effort for both agents and the end-insured;
    • Sagittaâ„¢ enhancements in servicing and accounting workflows with the Sagitta 20R1 release;
    • QQCatalystâ„¢ enhancements in performance and servicing workflows.
  • Market connectivity:
    • Commercial Submissions, the industry’s first AMS-integrated, real-time, end-to-end solution to automate commercial line submissions, coming this fall;
    • AIMâ„¢ integration with TransactNOW® for MGAs and Sircon for Agenciesâ„¢ to enable real-time market connectivity.
  • Data and insights: RiskMatch For Benefits® with benefits benchmarking, providing the industry’s first real-time data platform as a service; and coming later this year, RiskMatch® Retention Prediction, using artificial intelligence and machine learning to help agencies spot at-risk renewals.

Read More: GlobalFintechSeries Interview with Patrick Turiano, Director of Marketing at Paysafe Group

Related posts

Figure Names Financial Services Veteran Asiff Hirji as President

Fintech News Desk

Granite Creek Capital Partners Announces Investment in Salem One

GlobeNewswire

Comviva To Offer Next-Generation BlueMarble Solution On IBM Cloud For Telecommunications

Fintech News Desk
1