“The release of the CD Digital Distribution Suite is the next evolution of digital solutions for P&C insurers,” said Michael DeGusta, CEO at ClarionDoor. “Building on the success of our CD Rating, CD Quoting Portal, and CD Forms Service, we are introducing CD Issuance, which provides a full digital solution for automating the policy issuance process, with the launch of the Suite.”
With the inclusion of CD Issuance, the CD Digital Distribution Suite establishes a complete end-to-end solution that is accessible either through a web-based user interface (UI) or through web services which are dynamically generated in the application. ClarionDoor’s innovative new solution, CD Issuance, provides insurance customers the ability to access quote information without re-keying policy data and enables seamless integration between applications.
“The intense rate of technology advancements combined with the fact that the majority of people are using some sort of smart device, means insurers are faced with more challenges and expectations as it relates to delivering simple business models, slick and intuitive UIs, and providing the flexibility to connect with anything, anyone, anytime, and anywhere,” said DeGusta “The CD Digital Distribution Suite addresses those distribution scenarios all at once.”
The CD Digital Distribution Suite is offered as a suite or as standalone solutions and has already been successfully deployed live in production for multiple large U.S. carriers, such as Everest Insurance®, with many more gearing up to go live.
“The CD Digital Distribution Suite has fully optimized our entire policy issuance lifecycle with rate, quote, bind, issue, and forms service,” said Owen Williams, CIO for Everest Insurance®. “ClarionDoor’s simple and modern user interfaces have significantly enhanced our customer experience and improved productivity. Packaging their products into a full digital suite has truly solved many of the challenges we have been facing in the industry today.”
About Everest Insurance®
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), dac. provides reinsurance to non-life insurers in Europe. Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis in the U.S. and internationally. The Company also operates within the Lloyd’s insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third-party investors that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestre.com.
ClarionDoor delivers enterprise-class rating, quoting, and issuance solutions to P&C insurance organizations via the company’s flagship product, CD Digital Distribution Suite, which includes CD Rating and CD Issuance. By embracing cloud technologies and industry standards, ClarionDoor’s experienced team of insurance and technology professionals helps P&C insurance companies and MGAs quickly generate accurate, real-time insurance quotes, and on-demand reports with integrated analytics. ClarionDoor’s best-in-class user interface, integrations with third-party data providers, ability to automatically generate ACORD XML web services, easy rate plan creation, and reliance on flexible delivery models, ensure rapid implementations and 100% customer satisfaction.