Bothell, WA –May 5, 2014 –Vertafore, the leading provider of software that transforms the business of insurance, today announced the availability of the ID Federation SignOn Once initiative for early adopters, to address the industry wide credential management concerns faced by agencies and carriers. Today, password management is one of the top pain points in the insurance industry, as agencies are burdened with the management of numerous unique user ID’s and passwords for each carrier they support. This typically requires significant IT resources and time investments from agents managing multiple carrier relationships. It also poses serious security risks when individuals from agencies or carriers leave an organization, carrying with them the knowledge of their previous user ID’s and passwords. The Identity Federation solution from Vertafore, guided by the framework of the ID Federation industry body ”SignOn Once,” allows agencies and carriers to increase security of information and records, while streamlining their account management and login processes.
“Vertafore has worked with leading carriers to create a solution based on the efforts the ID Federation group has been working hard to build,” said Mark Craig, Senior Vice President of Product Management for Vertafore. “The customer experience Vertafore has created eliminates the need for password management and maintenance for the carriers in support of ID Federation—it’s a great win for our agency and carrier customers everywhere.”
As a non-profit collaborative that works to provide common legal and technical standards for the management of individual agency user authentication, the ID Federation Group “SignOn Once” initiative is dedicated to advocating for carriers, vendors and agency bodies, to spread innovative practices across the insurance industry. The SignOn Once solution enables ID Federation with the use of real-time connectivity products (TransactNOW and PLR) and assists with tracking and management of hundreds of carrier credentials that can change every 30, 45, 60 or 90 days at different increments for different people. For more information on the Vertafore and ID Federation SignOn Once early adopter program, please contact IDFederation@Vertafore.com
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.