Scottsdale Insurance Company Signs Contract to License Vertafore PolicyIssuance

BOTHELL, Wash., Aug. 12 /PRNewswire/ -- Vertafore (http://www.vertafore.com), a leading provider of software and services to the insurance industry, today announced that Scottsdale Insurance Company – one of the largest excess and surplus (E&S) and specialty lines carriers – will license its Vertafore PolicyIssuance product. Web-based and built to ACORD XML standards, PolicyIssuance provides an efficient process for General Agents to issue policies, virtually eliminating redundant keystrokes.

Scottsdale Insurance, a wholly owned subsidiary of Nationwide, selected PolicyIssuance to enable its General Agents to have access to its policy forms library, receive real-time forms updates and gain improved efficiency by saving keystrokes.

PolicyIssuance shortens a General Agent's policy-issuance cycle time and limits errors and omissions (E&O) exposure by auto-filling data directly from their agency management system to the appropriate and current E&S carrier forms. Data is extracted from the agency management system, and the software analyzes the data based on an underwriting rules engine. Once all the mandatory data is complete, the software automatically selects the required policy forms and pre-fills data into form sets, totally eliminating the re-keying of data.

"Since announcing the upcoming availability of PolicyIssuance earlier this year, we've received significant interest in the product," said Matt McKernan, president, Vertafore Carrier & MGA Markets. "By significantly reducing keystrokes and increasing overall efficiency for General Agents, PolicyIssuance's value is undeniable. We're excited to work with a company as innovative and progressive as Scottsdale Insurance."

Vertafore PolicyIssuance is available now. For more details, contact Patrick McCall at Vertafore: 570.645.5050.

About Vertafore

Vertafore is the leading provider of software, services, and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers. Vertafore leverages a unique industry presence to deliver meaningful solutions - powerful technology, critical information and robust insights to help organizations effectively respond to business challenges and capture new opportunities. Vertafore solutions have helped more than 17,000 customers and 500,000 users gain a competitive advantage to accelerate their business performance. 800.444.4813 | www.vertafore.com

Media Contacts: Michelle Craig, Nyhus Communications LLC for Vertafore, (206) 323-3733 | [email protected]; or Linda Caudle of Vertafore, (425) 354-6043 | [email protected]

SOURCE Vertafore

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