East Lansing, MI –March 23, 2015 – Vertafore®, the leading provider of software that transforms the business of insurance, today announced the launch of a new feature that directly connects the Sircon® products ProducerEDGE™ and AgencyEDGE®. This new active and connected license management system aims to enhance insurance sales authorization by giving the over 30,000 agencies in the industry direct access to manage selling, or servicing, credentials of their individual agents.. Agencies and individual producers will benefit from a new connection that brings automated management of producer sales relationships, in a manner that supports regulatory compliance.
Prior to ProducerEDGE and AgencyEDGE, managing producer licensure consisted of manual spreadsheets, prolonged onboarding processes, and an ongoing risk of regulatory non-compliance that lead to fines. Launched in 2014, these Sircon applications gave producers and agencies the ability to manage licensure; 2015 brings an innovative connection between the two products that will provide agencies with smarter management of producer qualifications in a single location, dramatically simplifying the ongoing processes that get and keep producers authorized to sell using web-based, online solutions.
“There are 4,000 different types of transactions, and 7,000 different types and combinations of licensing credentials in the US that we support, but we hide that complexity. We want to make it easy for those individuals who aren’t — and don’t need to be — experts in regulation. Now, giving agencies oversight in to their producer’s credentials, they can ensure their compliance and spend even less time doing it,” said Tim Owen, vice president of product management.
“AgencyEDGE is such an intuitive product, and with the addition of being able to connect with our agents to view their producer’s license information, it’s more useful than ever,” said Debbie Ivie, chief administrative officer, ANBTX Insurance Services. “This will allow us to actively manage both the agency’s credentials and individual agents in a more efficient way so we can stay compliant in less time, giving us additional capacity for revenue-driven support activity.”
After unlocking the new ProducerEDGE and AgencyEDGE connection feature, producers are added to a populated agent list, giving insurance agencies broad, real-time insight into all avenues of compliance. This includes up-to-date credential information like continuing education and license status. The new connections feature will dramatically reduce onboarding time and simplify credential management, allowing agents to focus on selling business and servicing clients without disruptions in all 50 states.
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.