By providing complete, accurate and current information directly from management systems to carriers, Vertafore PolicyIssuance helps you turn policies in hours, not days. With Vertafore PolicyIssuance, data from management systems is pre-filled into form sets minimizing errors and omissions.
Key advantages:
- Eliminates redundant keystrokes and provides an efficient process for general agents to issue policies
- Shortens policy issuance cycle time
- Limits errors and omissions exposure
- Autofills data directly from the agency management system to the appropriate and current excess and surplus carrier forms
- Built to ACORD XML standards
- Integrates with all MGA management systems
Advantages for carriers and London brokers:
- Reduces 60-90 day policy form update cycle to real-time with single versus multiple updates
- Eliminates excessive verification
- Ensures that all forms are completed and assembled properly
- Captures all data at initial input
- Allows for more complete data for carrier reporting
- Provides better service to general agents
- Provides ACORD ER3001 property exposure report and policy transactions in real-time