Commercial offerings recognized for insurance technology innovation | So Good News
Vertafore’s solution has been awarded for modernizing and humanizing commercial networks
DENVER, October 5, 2022 /PRNewswire/ — Vertafore®A leader in modern insurance technology, today announced that its Commercial Submissions™ solution has been recognized for technology innovation by NU PropertyCasualty360 Luminaries. This industry-focused recognition program focuses on the innovations of companies, people, programs and practices that are modernizing and humanizing the business of P&C.
The platform has been honored for automating and simplifying one of the industry’s most time-consuming processes: small commercial insurance underwriting. The awardees are selected by a panel of industry experts.
Inside September 2022 In a survey of 800 independent agents, Vertafore found that 65% of respondents said their agency would benefit from automated pricing for commercial insurance lines. However, less than one in ten said they had access to such technology.
Commercial referrals offer a game-changing experience for independent agents and the business clients they serve:
- Real-time linking of agencies and carriers, enabling structured data exchange and real-time pricing.
- Enabling real-time digital collaboration with clients to complete applications quickly and accurately.
- Pre-populating information from Vertafore agency management systems and third-party sources to reduce redundant manual data entry.
The award reflects the growing momentum of the platform. Vertafore also recently announced the latest carriers to be added to Commercial Transmissions, bringing even more choice to the solution.
“Commercial Applications is not just technology for innovation’s sake, it’s about making it faster, simpler and easier for agencies and carriers to work together to provide their clients with the coverage they need,” he said. James Thom, Vertafore’s Chief Product Officer. “We are proud that the platform has been recognized for helping to modernize and humanize market communication.”
as of North America A leader in InsurTech for over 50 years, Vertafore modernizes and simplifies the insurance lifecycle so our clients can focus on what matters most. Vertafor’s solutions provide end-to-end connectivity across the distribution channel, improve the customer and agent experience, unlock the power of data and streamline critical workflows for independent agencies, MGAs and carriers to increase efficiency, productivity and profitability. Visit for more information about Vertafore www.vertafore.com.
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