The ongoing pandemic has had a profound impact on businesses and the “world of work” in general. Many companies have shifted to remote worker/work from home (WFH) employees during the course of the past year, and an even larger number of individuals have chosen to sever ties with traditional corporations in favor of gig economy, on-demand, or entrepreneurial opportunities. This trend has caused an explosion in the need for professional liability coverages, and made it one of the fastest growing sectors in the insurance industry. Today, the professional liability market continues to grow rapidly, but unfortunately, it is also the most neglected from a technology standpoint.
This unprecedented surge has created a market where demand is high and supplier volume is limited; creating an incredible opportunity for insurers to get into the professional liability business. However, insurers need a modern solution in order to provide a frictionless experience to their customers.
Whether you already offer professional liability coverage, or are looking to enter the market, there are some key things to consider when choosing the right technology. Here are some of the reasons why ClarionDoor is the best option:
The ClarionDoor Difference
1 Develop Smart, Distribute Fast
When demand is high and supplies are low, you need to get your products to market fast; otherwise, you may miss key opportunities. ClarionDoor’s software was designed with that in mind, providing an intuitive, frictionless user interface that enables business users to implement product changes and deploy to production in a fraction of the time.
2 Sustainable & Flexible
We believe that insurance technology needs to be flexible to handle the dynamic industry environment as well as sustainable as technology continues to evolve. That means your 1980’s system your using to write professional liability (or any line of business) might have been good enough 40 years ago, but isn’t able to support today’s market demands. ClarionDoor’s software is built on a cloud-native, API-first architecture that is hyper-flexible and provides the longevity you need through technology evolutions.
3 Implementation Success
In order to be successful in launching your new products or entering new markets, you need an implementation strategy that works! ClarionDoor’s implementation approach is designed to get you live as fast as possible so that you can capitalize on your investment. Backed by a proven track record of zero failed projects, we make sure that you do not become a failed implementation casualty. Oh, and our software is so simple that there is never a need for a third party to handle your implementation.
In addition to our implementation successes, we also have extensive experience with professional liability products. Here are some of the professional liability lines we have already implemented.
- Contractors Professional Liability
- Directors & Officers (D&O)
- Errors & Omissions (E&O)
- Fiduciary Liability
- Lawyers Professional Liability
- Medical Malpractice (Med-Mal)
- Miscellaneous Professional Liability (MPL)
See how ClarionDoor can enable you to design, develop, and distribute all of your property & casualty products with an unparalleled experience.
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