Streamlining your operations to save money and improve service.

The London Market has made great strides towards information technology. However, there is still much to be done to improve business processes in a world where margins get tighter, the Internet shrinks time and space and the threat of increased compliance looms because of the financial crisis. The challenge is to streamline business workflow across the enterprise and the whole process chain. Workflow solutions have tended to be piecemeal and lacking wider insurance business functionality. The Market must be comfortable with a practical, strategic approach to business automation processing and be able to distribute and share the process and information across the enterprise and the entire chain. In addition, there is a need to be able to monitor and measure performance, assess business benefits and identify where improvements can be made.

Vertafore’s ImageRight solution has revolutionized the United States insurance market across insurers, MGA’s and agents/brokers by creating a flexible electronic file at the beginning of the insurance process—quote, underwriting, renewal, endorsement or claims. London Market underwriters and brokers can benefit from this practical approach of replicating their preferred way of working, but with significant time savings and improved productivity and service. ImageRight works with a wide range of partners linking to London Market electronic communications and Xchanging initiatives.

Vertafore specializes in insurance, and therefore understands your business processes and mindset. Solutions can be installed in weeks and a return on investment can be achieved quickly through rapid process improvements and gains in time and efficiency. Vertafore—an ACORD member—is the leader in agency and MGA administration systems in the U.S. and is an expert in providing connectivity solutions. Promising gains in productivity, efficiency and cost reductions, and delivering on that promise is one reason that each of the more than 450 insurance organizations that use the ImageRight solution—40% of which are MGAs—are happy to be a reference for the product. The ImageRight implementation team has never missed a go-live date or exceeded a budget.

For more information about the ImageRight solution for the general London market, call 020-7816-7109.