PolicyIssuance

Work with your insurance partners to turn policies faster

Turn policies in hours, not days

For MGAs and MGUs, remaining profitable means increasing submissions. But speed to market comes with an overlooked cost: E&O exposure. You need to ensure that policies are assembled correctly and accurately – every time. Vertafore PolicyIssuance (VPI) offers a single-source, web-based policy administration system that integrates with all MGA management systems and allows you to issue a policy or issue a binder in less time, while improving accuracy and eliminating redundant keystrokes thanks to pre-filled carrier form sets.

 

 

Why PolicyIssuance?

Eliminate duplicate data entry

Maintain form accuracy and completeness, without having to enter information twice.

Update forms instantly

Reduce carrier form updates from 60-90 day cycles to real-time in order to turn policies faster.

Issue custom libraries

Author custom form libraries for Lloyd’s of London or other carrier partners.

"From what we’ve seen so far, this could save us and our carriers a tremendous amount of time, money, and resources."

Mike Roy, CIO

CRC Insurance Services, Inc.

Policy issuance advantages for MGAs/MGUs

Time savings

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Safeguarding/improved accuracy of data

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Overall increased efficiencies

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