AmTrust joins Vertafore’s Commercial Submissions platform
AmTrust Financial has announced that it has joined Vertafore’s Commercial Submissions Platform.
Vertafore’s main ambition is to rapidly improve market connectivity across the insurance distribution channel. It only recently revealed the first release of its new platform “to its carrier and agency design partners on the project”, indicating that the project is a long-standing ambition.
AmTrust Financial has been working in collaboration with Vertafore to innovate and develop a solution to the problem, while helping to build out the organisation’s connectivity architecture, in an effort to ensure the future success of the platform.
“We are so excited to provide our customers with a smarter way to process their commercial submissions in a way that benefits the entire distribution channel," said Amy Zupon, CEO of Vertafore.
"With Commercial Submissions, insureds can expect a better experience with faster, easier access to the right commercial coverage. Independent agents can close more business, increase profitability and free up bandwidth to advise their clients. And carriers can deliver more of their products and be a partner of choice to their agencies.”
As it stands, Vertafore Commerical Submissions is an insurtech solution that will help connect the end-insured, agents, and carriers in real-time. The data exchanges will be live and, subsequently, binding on commercial policies across businesses of every type and size. Through the use of live collaborative tools and data analytics, Vertafore should be able to “solve the process of quoting and securing coverage for commercial insurance needs.”
"AmTrust’s partnership with Vertafore is another exciting step in our commitment to innovation and our dedication to [delivering a truly] digital experience to our agents," added Chris Foy, EVP & Head of North American Commercial at AmTrust.