SANTA BARBARA, Calif., Might 25, 2021 (Globe NEWSWIRE) — ClarionDoor, service provider of the most intelligent coverage item distribution application, is happy to announce that Michigan-centered assets and casualty (P&C) insurer Universal Fireplace and Casualty Insurance plan Corporation (UFCIC) is now live with ClarionDoor’s rating and quoting for a few new professional coverage products.
In an industry in which level of competition is fierce and insurers rely on their shopper experience and product or service choices to differentiate by themselves, technological know-how and speed to marketplace are vital aspects to the competitiveness equation. Insurers have to have flexible and modern-day technological know-how to adapt to market place ailments and need a process in which they can start products speedy, and expand quickly into new states and territories. UFCIC is a primary example. By leveraging AAIS, UFCIC proprietary varieties and rates, and ClarionDoor’s engineering, UFCIC was equipped to launch a few strains of organization in four states in just under ninety days.
“We regarded early on that if we preferred to expand into new marketplaces with new impressive products, we desired to do it speedy,” explained John Lucker, govt vice president – chief system & analytics officer at UFCIC. “By leveraging ClarionDoor’s know-how, and their rapid implementation course of action, we were equipped to start our new industrial solutions in a subject of months and capitalize on our financial commitment early.”
UFCIC is typically regarded as providing surety bond protection considering the fact that 2003 even so, this innovation-driven organization with industry-dealing with insuretech applications and capabilities has expanded their functions by presenting new industrial solutions for common legal responsibility, industrial house, and small business homeowners package to address latest and evolving industry calls for.
“There are often worries when an insurance provider attempts to enter new marketplaces,” said Tim Ellis, chief information and facts officer at UFCIC. “Typically, individuals challenges stem from rigid technology and legacy purposes that are not made for new products and solutions. ClarionDoor’s technological know-how mitigated all of these threats for us. Their modern cloud-native, API-to start with software enabled us to establish our industrial goods and start to market leveraging pre-fill applications and external facts feeds speedier than we at any time could on legacy methods.”
ClarionDoor’s cloud-native, API-first software package is developed with velocity to industry in intellect, empowering insurers to produce items through a no-code, thoroughly configurable answer. Insurers are equipped to modernize legacy merchandise or enter new markets without the need of the frustrations of legacy insurance software.
“Seeing our clientele do well like this affirms that our technologies and process works,” reported Pat McCall, main gross sales officer at ClarionDoor. “Not only does our procedure get consumers reside in months, but our technological know-how positions them to concentration on innovation instead than implementation. We are thrilled to see UFCIC go live and we glimpse forward to doing the job with them to keep on their multi-product or service, multi-point out, growth.”
For far more facts, please get hold of Spiro Skias, Director of Solution Promoting for ClarionDoor, at [email protected]. To continue to be up to date with ClarionDoor, comply with us on LinkedIn.
Common Hearth & Casualty Insurance policy Enterprise, launched in 2003, is a multiline admitted industrial strains insurance plan business with key places of work in Detroit, Michigan and Columbus, Ohio. Guided by an entrepreneurial spirit, UFCIC presents ground breaking insurance policy remedies to underserved smaller business business markets. We design and style our products intuitively and platform agnostic to accelerate significant excellent competitive underwriting choices to our associates and customers. For additional details, make sure you pay a visit to www.ufcic.com.
ClarionDoor is a cloud-indigenous, SAAS company of the most smart, insurance solution distribution software program with a multitude of customers reside now throughout the United States, Australia, New Zealand, and the United Kingdom. Our breakthrough API-1st know-how allows MGAs, brokers, carriers, and software directors to price, quotation, and concern for any line of company finding them are living in weeks, and liberating them to emphasis on innovation, not implementation. Discover a lot more at clariondoor.com.