Industrial Submissions acknowledged for insurance coverage expertise innovation

Vertafore answer honored for modernizing and humanizing industrial strains quoting

DENVER, Oct. 5, 2022 /PRNewswire/ — Vertafore^®, the chief in trendy insurance coverage expertise, in the present day introduced its Industrial Submissions™ answer has been acknowledged for expertise innovation by the NU PropertyCasualty360 Luminaries program. This industry-focused recognition program spotlights innovation by corporations, individuals, applications, and practices which might be modernizing and humanizing the P&C enterprise. 

The platform was honored for automating and simplifying one of many {industry}’s most time-consuming processes: quoting small industrial insurance coverage. Honorees are chosen by a panel of {industry} specialists.

In a September 2022 survey of 800 impartial brokers, Vertafore discovered that 65% of respondents stated their company would profit from automated quoting for industrial insurance coverage strains. Nevertheless, lower than one in ten stated that they had entry to such expertise.

Industrial Submissions is delivering a game-changing expertise for impartial brokers and the enterprise purchasers they serve by:

• Connecting companies and carriers in real-time, permitting the trade of structured information and real-time quoting.
• Enabling real-time digital collaboration with purchasers to finish functions shortly and precisely.
• Prefilling data from Vertafore company administration techniques and third-party sources to cut back redundant, guide information entry.

The award displays the platform’s rising momentum. Vertafore additionally just lately introduced the newest carriers to hitch Industrial Submissions, bringing much more option to the answer.

“Industrial Submissions is not expertise only for the sake of innovation—it’s about making it quicker, simpler and less complicated for companies and carriers to work collectively to ship the protection their purchasers want,” stated James Thom, chief product officer at Vertafore. “We’re honored that the platform is being acknowledged for serving to to modernize and humanize market connectivity.”

About Vertafore 

As North America’s InsurTech chief for greater than 50 years, Vertafore is modernizing and simplifying the insurance coverage life cycle in order that our clients can give attention to what issues most. Vertafore’s options present end-to-end connectivity throughout the distribution channel, enhance the consumer and agent expertise, unlock the ability of information, and streamline important workflows to drive effectivity, productiveness, and profitability for impartial companies, MGAs and carriers. For extra details about Vertafore, go to www.vertafore.com.

©2022 Vertafore and the Vertafore emblem are registered emblems of Vertafore. All rights reserved. All different emblems are the property of their respective house owners.

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SOURCE Vertafore