Today, Vertafore announced that insurance industry veteran Jon Newpol will lead its distribution and compliance management segment as senior vice president and general manager.
Newpol joined Vertafore this month after serving in several senior executive positions with Thomson Reuters, Truven Health Analytics and IBM. In his prior roles he led business segments that supported insurers, government agencies and large employers with a wide variety of decision support, payment integrity and operational management software products and services.
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Newpol will lead Vertafore’s InsurTech solutions to simplify compliance for carriers, agents and states and empower carriers to modernize their agent experience to accelerate growth.
Carriers rely on the independent agent channel to connect their insurance products to the right individual consumers and businesses, but many carriers struggle with manual processes and multiple systems to establish and maintain their relationships with agents. For example, in a recent Vertafore survey of independent agencies, only about 40% of respondents said they fully understand their carrier compensation packages and less than 1 in 5 are satisfied with their carrier on-boarding experience.
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To address industry challenges like these, Vertafore’s distribution and compliance management solutions automate and simplify essential functions—including agent compensation and on-boarding, licensing and credentials, continuing education tracking, and agent/carrier communications—to enable more effective, profitable and compliant distribution channels.
“Jon is an incredible add to our business―he brings a strong track record of leading teams in the insurance industry and is a terrific cultural fit with our mission and vision to empower our customers’ success,” said Amy Zupon, Vertafore CEO. “He places high emphasis on team alignment, driving high levels of employee engagement, competitive differentiation and customer satisfaction.”
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