ClarionDoor Partners with Vertafore to Modernize MGA Distribution
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ClarionDoor, a Santa Barbara, Calif.-based provider an insurance product distribution platform, has teamed up with Vertafore (Denver), a provider of distribution-related insurance technology, to modernize MGA distribution via a streamlined integration between Vertafore’s AIM platform and ClarionDoor’s (CD) MGA Hub. Together, these solutions deliver a seamless, best-in-class MGA distribution experience, according to a ClarionDoor statement.
AIM, Vertafore’s MGA solution, centralizes underwriting, accounting, and claims operations. Designed to manage the full policy lifecycle, AIM helps increase speed-to-market, while ensuring accuracy throughout the entire process, according to the ClarionDoor statement. To expand and enhance AIM’s capabilities for more real-time interaction with carrier channels, Vertafore partnered with ClarionDoor, the vendor says.
“We are thrilled to be working with ClarionDoor to help our joint customers gain new efficiencies and unlock more growth as they can reduce manual processes and write business even faster,” comments James Thom, SVP, Corporate Development and Strategy, Vertafore. “Our goal at Vertafore is to improve the flow and speed of information across the insurance distribution channel. This collaboration enables that by creating benefits for AIM users and the entire channel as we enable stronger integration between retail agencies and ClarionDoor systems to expedite rating processes.”
ClarionDoor’s MGA Hub was launched earlier in 2020 and is currently live at 14 MGAs, the vendor reports. The platform enables access to over 25 E&S carriers from a single portal. With embedded features like Instant Market Appetite, MGAs get an immediate read on carrier market availability, ClarionDoor says.
Instant Appetite, Comparative Rating and Quote Binding
The combined capabilities of AIM and CD MGA Hub enable MGAs to enter submissions once in AIM and leverage the carrier connections in CD MGA Hub for instant market appetite, comparative rating, and quote binding.
“Combining these two solutions is really a game changer for MGAs,” comments Michael DeGusta, CEO at ClarionDoor. “AIM is such a well-known product in the MGA market and to compliment that with the capabilities of ClarionDoor’s MGA Hub introduces a completely new experience for MGAs that will boost their distribution channels.”
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