Company Overview of Vertafore, Inc.
Vertafore, Inc. provides software and information solutions to the insurance industry. Its products include Vertafore Agency Platform that provides insurance software products to create a cloud-based solution that helps members of agency’s team succeed; insurance management systems for various insurance businesses to automate processes; and content management and workflow systems to help agencies, brokerages, MGAs, carriers, and reinsurers streamline operations, control operating costs, and enhance productivity. The company also provides connectivity and rating solutions to leverage data that resides in the management systems to increase productivity and profitability; information solutions ...
11724 NE 195th Street
Bothell, WA 98011
Founded in 1969
Key Executives for Vertafore, Inc.
Chief Financial Officer and Senior Vice President
Senior Vice President of Operations
President of Rackley Solutions
President of Carrier & MGA Markets
Compensation as of Fiscal Year 2013.
Vertafore, Inc. Key Developments
Vertafore, Inc. Launches Vertafore Agency Platform
Sep 18 13
Vertafore, Inc. has announced the launch of Vertafore Agency Platform. This new secure cloud-based single solution is the only platform that brings together all the capabilities insurance agencies need to help grow their business. The Platform delivers competitive edge for agencies by going beyond the traditional agency management system by integrating the capabilities of AMS360, PL Rating, Pipeline Manager, ReferenceConnect, WorkSmart, Engage, TransactNOW and BenefitPoint. It comes in three packages: CL and PL are designed for agencies with commercial lines and/or personal lines focus. CL Plus is geared toward larger agencies looking to increase agency efficiency and capacity, and gain actionable real-time insight into their business to manage complex commercial lines, the company said. It provides agencies with everything they need to run their personal lines, commercial lines and benefits business. The Platform includes rating, pipeline management, eForms and download, producer licensing and commissions, content for subject matter experts, and best-in-class agency management, reporting and benefits management.
Vertafore, Inc. Announces the Addition of More Products
Jun 6 13
Vertafore, Inc. announced the addition of more products to their suite of products that enhance agency and carrier communications. The incorporation of ACORD standards has made it possible for Vertafore to further strengthen the products that support agent and carrier connectivity. The new or upgraded Vertafore products now utilizing ACORD standards include: Activity Notes, supporting ACORD XML v 1.24.1. Available now, carrier-initiated Activity Notes are delivered seamlessly into TransactNOW™ for agents to access, from all certified carriers. Via Activity Notes, a carrier can send notices to agents regarding policy or claims status, general notifications, and/or deliver policy attachments, such as declarations pages, that would normally be available on a standalone agent portal. Claims Download, supporting ACORD XML v 1.24.1, Also available now, carriers can become certified to send Claims Download transactions to their Vertafore agents. The initial offering displays the downloaded detail in TransactNOW, where users can then attach the detail to their management system databases. The claims data is delivered seamlessly, and is available for all Vertafore agents to access. The fully-integrated version of Claims Download is scheduled to be delivered initially to AMS360™ agents, by end of year. Vertafore Book Roll Analytical Tool, The Vertafore Book Roll Analytical Tool is available now for select personal and commercial lines of business, and is designed for use in conjunction with Vertafore’s Book Roll capabilities for carriers. The company’s Book Roll Analytical Tool provides partnering carriers with a way to evaluate the collection of ACORD AL3 and/or XML data they received in batch from Vertafore agents, and then easily filter that data to help determine their appetite for the book.
Vertafore ImageRight and Ratchet-X Integration Improves Productivity for Insurers Using Multiple Applications
Jun 3 13
Vertafore announced a new integration for ImageRight with Ratchet-X by RatchetSoft. The new capability enables ImageRight users who also are users of Ratchet-X to rapidly integrate third-party applications into the ImageRight desktop without having to invest additional time and financial resources to develop code for the ImageRight API. This makes it easier to transfer data between ImageRight and other applications. Ratchet-X helps users save time by monitoring all the application screens where they are working so that data from multiple applications is more readily available to execute key tasks in ImageRight. When a user navigates to an application screen that they told Ratchet-X to monitor, it automatically transfers the data contained within the third-party application and places the Ratchet-X Integration Button in the application’s title bar to import the data into ImageRight. This new functionality also works inversely in moving data from ImageRight into other third-party applications. The productivity gains delivered through the integration will enable insurers to meet agency partner and client needs more efficiently.
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