V3 Insurance Partners LLC, a managing general underwriting agency, has purchased AgencyPortal, with the AgencyPortal Toolkit, from Sword AgencyPort, a provider of Web-based, product distribution solutions to the property/casualty industry. With AgencyPortal, V3 plans to launch the V3 Internet Workers Compensation product.
The V3 Workers Compensation portal is designed to offer the ease of doing business, efficiency and environmentally friendly paperless processing. V3 Insurance Partners has invested in technology to automate producer quoting, underwriting, accounting and claims. AgencyPortal will perform data capture, validation, rules application, cleansing and transport to other downstream and back-end systems installed at V3.
AgencyPortal will enable P&C carriers of all sizes to execute key business transactions quickly and easily with their agents, brokers, MGAs or policyholders, Sword AgencyPort says.
“V3 Insurance Partners is committed to underwriting quality and superior producer service. To differentiate ourselves in today’s market, we have decided to use technology to make V3 the market of choice for our producers and the V3 Workers Compensation portal is key to this strategy,” states Susan Rivera, President & CEO of V3. “After the successful launch of our Workers Compensation product, we look forward to bringing this platform to our professional liability and commercial auto products as well.”
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