Recognizing the value of the distribution network as the keystone to insurers mandate for organic growth, Vertafore, a provider of software and services to the insurance industry, is expanding its technology offerings. Adding to its lineup of channel management products, Vertafore plans to release PolicyIssuance, a new product that shortens the MGA’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. PolicyIssuance will be available in Q3 2010.
Vertafore has been in acquisition mode for more than two years, adding companies and associated products that fuel the distribution network.
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