Scottsdale Insurance Licenses Vertafore PolicyIssuance
Vertafore, a Bothell, Wash.-based provider of software and services to the insurance industry, announced that Arizona-based Scottsdale Insurance Co., an excess and surplus (E&S) and specialty lines carriers, will license its Vertafore PolicyIssuance product. Web-based and built to ACORD XML standards, PolicyIssuance is designed for general agents to issue policies, and to eliminate redundant keystrokes.
Scottsdale Insurance, a wholly owned subsidiary of Nationwide, says it 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.
Mountain West Farm Bureau Taps Alliance
The Innovation Group plc, a U.K.-based provider of business process outsourcing and technology solutions to the insurance, fleet and automotive industries, today announced the successful implementation of Insurer Analytics, a component of the Innovation Insurer suite, by Santa Clarita, Calif.-based Western Computer Services Inc. (WCSI). WCSI's implementation is the first of several parallel efforts to implement Innovation Insurer components including Insurer Policy and Insurer Claims for WCSI's customer, Mountain West Farm Bureau, as part of their business transformation initiative.
The initial implementation aligned Insurer Analytic's out-of-the-box reporting functionality with data from Mountain West's legacy claims application. Future phases will include expanding the reporting, as well as using Insurer Analytics policy reports to complement their Insurer Policy and Insurer Claims implementations.
The insurance-specific out-of-the-box capabilities, reporting and KPI's allowed WCSI to quickly complete large portions of the data mapping, ETL, and report definition. As a result of the implementation, Innovation Group says Mountain West's time to develop a report decreased from an average of 30 days to a day or less-a more than 300% improvement.
V3 Chooses AgencyPortal from Sword AgencyPort
V3 Insurance Partners LLC, a Washington Crossing, Pa.-based managing general underwriting agency, has purchased AgencyPortal, with the AgencyPortal Toolkit, from Sword AgencyPort, a Lyon, France-based 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 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."
CSC, Swiss Re Sign 10-Year Extension
Falls Church, Va.-based technology solutions provider CSC has signed a 10-year extension to provide administration services to Swiss Re, a Zurich, Switzerland-based reinsurer.
The agreement, slated to run until 2020, will incorporate CSC's CyberLife, Customer Service Accelerator and Claims Management Accelerator software in an effort to provide better e-delivery and self-service capabilities.
