CapSpecialty, a commercial and specialty P&C insurer, has selected Insured Rating, ClarionDoor's hosted rating software.
ClarionDoor will implement InsuredRating to handle rating for CapSpecialty's general liability, commercial property, commercial auto and business owner's policy lines of business. The application will be accessed by CapSpecialty's managing general agents and underwriters and includes integration with CapSpecialty's policy administration system.
"ClarionDoor met all of our requirements for not only this rating initiative, but also for having a modern technology platform, extensive experience in the excess and surplus market, and a speed-to-market development process that will allow us to be in production in a matter of months," said Bob Asensio, chief information officer for CapSpecialty, of the decision to partner with ClarionDoor. "Also, we like the fact that on a go-forward basis our underwriters and actuaries will have the level of control needed to efficiently manage our rates and factors."
Insured Rating supports ISO and non-ISO rates, ClarionDoor said, and was developed to operate, perform and scale exclusively in the cloud.
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