Vertafore Reports 88 Percent Increase in Real-Time Transactions in 2009

BOTHELL, Wash., Feb. 22 /PRNewswire/ -- Vertafore (http://www.vertafore.com), a leading provider of software and services to the insurance industry, today announced that its TransactNOW® and PL Rating™ products performed well above projections in 2009, facilitating more than 16.7 million agency-carrier transactions — an 88-percent increase over 2008. The results clearly demonstrate the value of Vertafore's industry-leading connectivity solutions.

"Agent-to-carrier, real-time connectivity continues to be an important focus in the industry," said Dave Acker, Vertafore's vice president of rating and connectivity. "Our transaction numbers reaffirm Vertafore's commitment to supporting real-time, as well as our expertise in providing tools to help agencies and carriers communicate efficiently and effectively. We expect to continue to grow transactions exponentially in 2010."

The company's connectivity solutions help carriers and MGAs with a major challenge: efficiently integrating with hundreds of thousands of desktops that use agency management and comparative quoting solutions available from Vertafore and other vendors. TransactNOW supports a multitude of transactions, including billing inquiry, claims inquiry, policy view inquiry and endorsement- and quote requests for both personal and commercial lines. PL Rating is a comprehensive and easy-to-use multi-carrier, real-time rating application that dramatically reduces hours spent navigating third-party sites, empowering producers and CSRs to do what they do best: sell insurance.

For more information about Vertafore connectivity services, please visit www.vertafore.comor e-mail [email protected].

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 500,000 users gain a competitive advantage to accelerate their business performance. 800.444.4813 | www.vertafore.com

CONTACT:  Michelle Craig, Nyhus Communications LLC for Vertafore, (206) 323-3733 | [email protected]; or Linda Caudle of Vertafore, (425) 354-6043 | [email protected]

SOURCE Vertafore