As New Jersey’s newest provider of commercial lines insurance just beginning to write business in March of 2014, API recently faced a green field technology landscape and actively sought a modern rating solution that would incorporate critical ISO content and handle both general liability and commercial property business. The products and services of ISO are part of the Verisk Insurance Solutions group at Verisk Analytics.
“After reviewing various rating solutions, we selected ClarionDoor based on their overall technology, speed-to-market development process and their ability to deliver a solution tailored to our specific needs,” said James Gorman, chairman, president, and CEO of API. “The entire solution was delivered and ready for use by our underwriters well before our anticipated launch date.”
Implemented in less than 60 days, today Insured Rating is easily accessed by API’s underwriters for rating and quoting of New Jersey risks. As an ISO Electronic Rating Content Associate, ClarionDoor will be utilizing ISO’s electronic content for rating purposes, and will also provide integration to several other third-party applications which will streamline API’s rating process.
“We are excited and proud of the addition of API to the ClarionDoor customer base,” said Patrick M. McCall, chief sales officer at ClarionDoor. “API exhibited a great amount of due diligence during their rating vendor selection process and we are happy to have earned their business. Also, we share a common goal in that both companies are focused on providing a quality product that is supported by excellent customer service.”
ClarionDoor’s Insured Rating is a modern rating engine platform, 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, algorithm, or transaction type, qualities which will be helpful to API as the company adds additional states throughout 2014.
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. For more information about ClarionDoor or Insured Rating, please contact Patrick McCall at 570.645.5050 or firstname.lastname@example.org
About American Property Insurance Company (API, a Harbor Specialty Insurance firm)
API, a Harbor Specialty Insurance firm, operates from Eatontown headquarters under a team of experienced insurance executives headed by James V. Gorman, and whose board includes other notable New Jersey business leaders. API is committed to the company’s primary mission: to provide affordable insurance coverage for New Jersey’s small businesses. API is supported by a network of outstanding, independent insurance agents and brokers located throughout the state. For more information about API, please visit www.api-nj.com.