New PL Rating Module Provides Competitive Advantage for Pricing and Quoting Auto Insurance
Dec 16, 2009
BOTHELL, Wash. - December 16, 2009 - Vertafore (http://www.vertafore.com), the leading provider of software and services to the insurance industry, today announced the availability of Consumer Rate Quotes - an add-on module for its PL Rating™ multi-company quoting solution - which accelerates the new business acquisition process by providing multiple carrier rate quotes directly from an agency’s website.
"As an independent agent I need opportunities to sell my services, and Consumer Rate Quotes is a great tool to find prospects," said Mike Foy, Foy Insurance Group. "Not only am I able to provide a service customers want on my website, I am better equipped to compete with direct writers because I can offer something they cannot - choice. This is a huge competitive advantage for me in the marketplace."
Consumer Rate Quotes enables agencies to:
- Accelerate the buying decision process - Consumer Rate Quotes gives website visitors the ability to quickly compare coverage options and carriers from an agency’s branded website.
- Reduce quote time turn around - website visitors complete an interview and generate multiple rate quotes in real time. The information is integrated directly into PL Rating so agencies can discuss the quotes with the customer.
- Provide consumer choice - website visitors can see more than one price and one market allowing an independent agency to compete more effectively with direct writers and captive agents.
"Consumer Rate Quotes helps agencies write more business in less time," said Dave Acker, vice president, product management at Vertafore. "Exposing comparative rating on agency websites gives independent agents an opportunity to compete more effectively in the online pricing and quoting of auto insurance we all see in the marketplace today."
About Vertafore
Vertafore is the leading provider of software, services, and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers. Vertafore leverages a unique industry presence to deliver meaningful solutions - powerful technology, critical information and robust insights to help organizations effectively respond to business challenges and capture new opportunities. Vertafore solutions have helped more than 17,000 customers and 200,000 users gain a competitive advantage to accelerate their business performance. For more information about Vertafore, please visit www.vertafore.com.
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Media Contacts:
Linda Caudle
Vertafore
(425) 354-6043
lcaudle@vertafore.com