ClarionDoor Partners with Vertafore to Modernize MGA Distribution
ClarionDoor, provider of the insurance industry’s most intelligent product distribution platform, has teamed up with Vertafore, the leader in modern insurance technology, to modernize MGA distribution via a streamlined integration between Vertafore’s AIM™ platform and ClarionDoor’s (CD) MGA Hub. Together, these solutions deliver a seamless, best-in-class MGA distribution experience.
AIM, Vertafore’s market-leading MGA solution, centralizes underwriting, accounting, and claims operations. Designed to manage the full policy lifecycle, AIM helps increase speed-to-market, while ensuring accuracy throughout the entire process. To expand and enhance AIM’s capabilities for more real-time interaction with carrier channels, Vertafore partnered with ClarionDoor.
“We are thrilled to be working with ClarionDoor to help our joint customers gain new efficiencies and unlock more growth as they can reduce manual processes and write business even faster,” said James Thom, Vertafore’s senior vice president of corporate development and strategy. “Our goal at Vertafore is to improve the flow and speed of information across the insurance distribution channel. This collaboration enables that by creating benefits for AIM users and the entire channel as we enable stronger integration between retail agencies and ClarionDoor systems to expedite rating processes.”
Launched earlier this year and already live with 14 MGAs, ClarionDoor’s MGA Hub has changed the way managing general agencies (MGAs) operate through an innovative, intelligent platform that enables access to over 25 excess and surplus (E&S) carriers from a single portal. With embedded features like Instant Market Appetite, MGAs get an immediate read on carrier market availability.
“Combining these two solutions is really a game changer for MGAs,” said Michael DeGusta, CEO at ClarionDoor. “AIM is such a well-known product in the MGA market and to compliment that with the capabilities of ClarionDoor’s MGA Hub introduces a completely new experience for MGAs that will boost their distribution channels.”
The combined capabilities of AIM and CD MGA Hub enable MGAs to enter submissions once in AIM and leverage the carrier connections in CD MGA Hub for instant market appetite, comparative rating, and quote binding.
- Visa and Oxfam America to Explore Expanding Anticipatory Action Program to Bring Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico Read more
- Global Centre launched to accelerate climate finance Read more
- A Third or More Young Investors Acted on Misleading Online Financial Advice Read more
- ICMA announces collaboration with IsDB and LSEG for developing guidance for practitioners on Green Sukuk Read more
- Crypto.com Receives Authorisation as an Electronic Money Institution from the United Kingdom’s Financial Conduct Authority Read more