TAPCO Underwriters Selects Vertafore PolicyIssuance to Streamline Policy Processing

BOTHELL, Wash., Feb. 1, 2011 /PRNewswire/ -- Vertafore (http://www.vertafore.com), a leading provider of software and information to the insurance industry, today announced that TAPCO Underwriters, Inc. has licensed its Vertafore PolicyIssuance solution. TAPCO will utilize Vertafore PolicyIssuance to provide an efficient process to issue policies, enabling them to seamlessly produce policies in a matter of seconds. The agreement also includes licensing rights for CRC Insurance and Southern Cross Underwriters.

TAPCO, an Excess and Surplus (E&S) lines managing general agent (MGA) dedicated to providing fast, accurate and unparalleled service, will integrate Vertafore PolicyIssuance into its proprietary management system to enable even greater productivity gains across the company.  

"After struggling with the same policy issuance solution for the past 10 to 12 years, we needed a tool that was more flexible – a single-source policy issuance solution that supported both personal and commercial lines of business," said Joe Gianzanti, director of information systems for TAPCO. "Vertafore's web-based PolicyIssuance solution allowed us to easily establish integration with our custom-designed agency management system, eliminating keystrokes and streamlining our policy processing."

Built to ACORD XML standards, Vertafore PolicyIssuance provides complete, accurate and current information directly from the MGA's management system to the E&S carrier policy forms.

"PolicyIssuance provides major efficiency improvements for our business," said Bill Pinson, vice president of TAPCO. "The solution also allows for electronic data transfers of policy data to our E&S carriers and London markets – a significant value-add for our business."

With this announcement, Vertafore PolicyIssuance continues to gain momentum in the industry. Since its launch in 2010, PolicyIssuance has been licensed by leading E&S carriers such as Nautilus Insurance Group and Scottsdale Insurance Group.

"Vertafore PolicyIssuance significantly decreases the time it takes to issue a policy while also minimizing the risk of errors and omissions and eliminating redundant keystrokes," said Matt McKernan, president of carrier and MGA markets at Vertafore. "Having one of the country's largest MGAs choose PolicyIssuance truly speaks to the value, flexibility and scalability of the solution."

Vertafore PolicyIssuance is currently available. For more information about PolicyIssuance, visit http://www.vertafore.com/products or call Patrick McCall, vice president of PolicyIssuance sales, at 570-645-5050.

About Vertafore

Vertafore is the leading provider of software 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 500,000 users gain a competitive advantage to accelerate their business performance. For more information about Vertafore, please visit www.vertafore.com.

SOURCE Vertafore