Bothell, WA –February 28, 2014 –Vertafore, the leading provider of software that transforms the business of insurance, today announced that it is hosting its 10th annual Vertafore Connectivity Forum (VCF) focused on helping carriers and agencies better collaborate together to serve the insured. With more than 25 of the industry’s leading insurers in attendance Vertafore continues to demonstrate its commitment to enable carriers and agencies to gain competitive advantage through leading-edge technologies.
The event comes on the heels of Vertafore facilitating a record 81.4 million agency-carrier real-time transactions in 2013 through its rating and management system technologies. This represents a 147 percent increase in transactions since 2011.
“According to ACT/AUGIE the average transaction without real-time capability can take upwards of 15 minutes compared to seconds with Vertafore,” said Dave Acker, Vice President, Strategic Market Development for Vertafore. “What this means is that up to 10,175 person-hours last year were given back to agencies and carriers that use real-time so they can sell more and service clients faster.”
Vertafore has assembled a panel of experts from the insurance industry, regional and large carriers and agency software partners that will offer best practices and insight into the following hot industry topics:
- Building an industry standard around Identity Management
- Mobile strategies for carriers and agencies
- Big Data strategies for carriers
- How emerging technology and practices will impact the industry
“Vertafore has never been more focused on partnering with insurers and agencies to see them excel towards achieving their business goals. We recognize how important agent and carrier connectivity and collaboration are to improving efficiencies that enhance customer satisfaction,” said Acker. “Year after year we continue to demonstrate the value and results not only of our commitment to the success of our customers, but in Vertafore’s unique ability to drive value across the insurance distribution chain. This is clear by the significant increase of agency-carrier transactions our technologies have played a role in delivering insurance for over the past few years.”
The Vertafore Connectivity Forum takes place on March 5th and kicks off the 38th NetVU conference in Nashville, TN which is from March 6-8, 2014.
About Vertafore
Vertafore’s comprehensive insurance management software solutions lead brokers and carriers to adapt to an evolving insurance industry to efficiently scale their businesses through deeper access to information and insights. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore’s platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company’s blog, and follow the company on Twitter, Linkedin, and Facebook.
About RiskMatch
RiskMatch is a business intelligence and analytics company that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities. For more information, visit the RiskMatch site.