Driven by efforts to accelerate its product development in the specialty market, Assurant sought a modern, streamlined technology solution that could be integrated with ISO Electronic Rating Content™ (ERC™) and ProMetrix®. ClarionDoor provided a solution that can be implemented quickly and that already has proven market success.
“ClarionDoor has delivered a turnkey approach for rating, quoting, binding, and issuance that provides a streamlined workflow,” said Rick Lanter, vice president of global P&C strategy at Assurant.
CD Rating and CD Issuance are cloud-based solutions that, once configured, eased maintenance costs and upgrade concerns for Assurant. ClarionDoor’s agile development approach enabled Assurant to complete the project in approximately 90 days from start to finish.
“The intent is never to tie a client to technology that requires heavy lifting and extensive professional services to update and maintain,” said Patrick McCall, chief sales officer for ClarionDoor. “ClarionDoor’s solutions empower our clients to do business faster and smarter. In today’s world, speed-to-market for new standard and non-standard insurance products is critical.”
Assurant will also benefit from its integration with ISO ERC™, which automates the manual implementation process for ISO loss costs, rules, and coverage updates, and the ProMetrix® suite of solutions, which contains data and analytics on seven million commercial buildings and 26 million businessesin the U.S.
“Updating rating content and quotes can be costly for many insurers and often leads to frustrating buying experiences,” said Deborah Morris, senior vice president of commercial lines at ISO. “By integrating our tools, ClarionDoor has enabled Assurant to streamline processes and meet the changing expectations of its customers with greater speed and precision.”
ClarionDoor delivers enterprise-class, web-based rating and quoting solutions to insurance organizations across all lines of business via the company’s flagship products, CD Rating and CD Issuance. 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 CD Rating’s integrated analytics capabilities.