Santa Barbara, California — July 20, 2021 — ClarionDoor, provider of the most intelligent insurance product distribution software, is reporting positive 2021 first half results indicating higher demand for digital distribution solutions in the commercial and specialty lines market.
“We are pleased to report record growth thus far this year despite the hard market conditions,” said Michael DeGusta, CEO at ClarionDoor. “The recent trends in mergers and acquisitions have increased competition and demands for digital distribution. ClarionDoor specializes in software that actually enables insurers to be more innovative. For far too long, typical insurance systems focused entirely on the back office and neglected the insurer’s needs of developing innovative products and getting them out to the world.”
Since January 1, 2021, ClarionDoor has added 10 new clients, increasing the company’s client base to over 75 globally across all property and casualty (P&C) lines ranging from traditional lines to emerging markets, such as cannabis and cyber insurance. ClarionDoor’s mature insurtech solutions provide one of the first ever cloud-native, API-first, no-code, SAAS rating engines, hosted exclusively on AWS. ClarionDoor solves the challenges of the entire product distribution process from product innovation to policy generation and management.
“We have reached a point in time where digital transformation is not a choice,” said John Lucker, executive vice president – chief strategy & analytics officer at UFCIC. “ClarionDoor’s impeccable track record in delivering modern, flexible, and scalable solutions, on-time and on-budget, was a significant factor in our selection decision.”
ClarionDoor has doubled its size from a year ago. These additions to the ClarionDoor team bring decades of industry experience and amplify the support options available to clients that range from insurtech startups to veteran insurers, and offer solutions that support carriers, MGAs, brokers, wholesalers, and program administrators.
“Although we are a software company, we recognize that technology alone is not enough to make a difference,” says DeGusta. “It takes great people that understand insurance, and a great process that actually gets clients live. It is that combination of product, process, and people that forms the ClarionDoor experience which has been effective in getting clients live faster than the competition, and liberating them to focus on innovation, not implementation.”
For more information, please contact Spiro Skias, director of product marketing at ClarionDoor.
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