General Star Contract P&C Division Selects ClarionDoor's Insured Rating to Automate Quoting
(firmenpresse) - SANTA BARBARA, CA -- (Marketwired) -- 07/28/15 -- , developer of advanced enterprise-class, hosted rating software for the insurance industry, is pleased to announce the Contract P&C Division of has selected ClarionDoor's Insured Rating to automate the company's traditionally manual rating and quoting processes.
Based in Stamford, Connecticut, General Star is one of the leading specialty and surplus lines providers in the U.S., and the Contract P&C Division offers insurance products on a non-admitted basis by General Star Indemnity Company, a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.
General Star selected ClarionDoor's Insured Rating to automate a time-consuming and traditionally manual quoting process, and to obtain greater control managing the underlying rates and business rules. Going forward, ClarionDoor will develop a general liability and commercial property rating solution to be utilized by General Star's appointed managing general underwriters (MGUs) and internal underwriters. The solution also includes an ACORD XML web service for both lines of business.
"The rapid pace of change in the U.S. delegated underwriting authority marketplace called for a streamlined, single-entry solution that could be accessed by our appointed MGU clients and internal underwriters," said Matt Brown, division manager for General Star, of the decision to partner with ClarionDoor. "ClarionDoor was selected based on its track record in developing leading edge cloud-based rating solutions for the excess and surplus market and for its speed-to-market development process."
Insured Rating is a modern rating engine platform that supports ISO and non-ISO rates, developed from the ground up to operate, perform, and scale exclusively in the cloud. The technology suite provides all the tools and services necessary for rating any line of business or transaction type, and utilizes industry standards, such as ACORD XML. Insured Rating provides integration with several third-party services, including Google Maps, MapRisk and CAT modeling.
"General Star is a leading specialty and surplus lines provider and we are delighted to be selected as its rating partner," said Patrick M. McCall, chief sales officer at ClarionDoor. "It is dedicated to investing in technology designed to improve the ease-of-use for clients and internal underwriters. We look forward to working with General Star to deliver a superior rating solution and customer experience."
ClarionDoor delivers enterprise-class, web-based rating and quoting solutions to insurance organizations across all lines of business via the company's flagship product, Insured Rating. By embracing cloud technologies, industry standards and a Software-as-a-Service (SaaS) delivery model, ClarionDoor's experienced team of insurance and technology professionals helps insurance organizations quickly generate accurate, real-time insurance quotes and on-demand reports via Insured Rating's integrated analytics capabilities. .
General Star Management Company provides certain underwriting, claims and administrative services on behalf of General Star Indemnity Company. General Star Indemnity Company is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands. It has the status as an unlicensed insurer in California and operates under NAIC Number 0031-37362. Insurance is placed with the General Star Indemnity Company by licensed producers and, for risk that qualify, by licensed surplus lines brokers.
Jennifer Overhulse
St. Nick Media Services
859.803.6597
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Datum: 28.07.2015 - 15:15 Uhr
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