News

Removing Friction – A Rough Notes Feature

Bolstering Distribution for E&S and Specialty Providers

By Dave Willis, CPIA

In some people’s minds, the insurance business is perceived to lag other industries in adopting technology to improve efficiency. That may not be entirely true. In the early 1950s, my dad helped pay his way through college by working in the data processing operation of one of the world’s oldest insurance companies. True story; I’ve seen the key punch cards they used to use.

7 Technology Mistakes Insurers Might Be Making

Santa Barbara, CA – May 20, 2020 – While so much progress has been made in insurance technology, there are still certain habits that are hard to break and lead many insurers into painful experiences with their systems and vendors time and time again. Unfortunately, these mistakes get overlooked or ignored because the common thread is that they don’t feel like mistakes. So don’t be surprised if one of these is happening at your company right now.

ClarionDoor’s MGA Hub Revolutionizes MGA Distribution

Santa Barbara, California — May 19, 2020 — Recent trends in insurance distribution find many insurers expanding partner channels as a means of growth, if not straight-up survival. Managing general agents (MGAs) are a major part of that model, and ClarionDoor, a proven provider of cloud-only, frontline insurance distribution solutions, is pleased to announce the launch of the ClarionDoor MGA Hub (CD MGA Hub) to help further revolutionize MGA distribution.

Delta General Agency Selects ClarionDoor’s MGA Hub

Santa Barbara, California — March 17, 2020— With a more flexible, agile business model and a tendency toward lean operations, managing general agents (MGAs) need tailored technology options to continue to play a major role in today’s digital market. That is why Delta General Agency Corporation (Delta), a Texas-based wholesale intermediary providing services for approximately fifty admitted standard lines and non-admitted special risk carriers, recently selected ClarionDoor’s MGA Hub (CD MGA Hub) to enhance operational capabilities.

Distribution Innovated for Modern Insurance

Santa Barbara, CA – December 9, 2019 – Distribution Innovated for Modern Insurance

The insurance industry has undoubtedly evolved over last several decades. With the influx of new technology, data, and expectations, it is imperative that the industry start learning from its mistakes rather than repeating them. At the recent 2019 Insurance Innovators Summit in London, ClarionDoor CEO Michael DeGusta addressed the audience on how to avoid making those same mistakes that many in the industry tend to still make today.

Going Beyond the Back Office

Santa Barbara, CA – December 9, 2019 – Going Beyond the Back Office

There has been so much focus in the insurance industry on the back office. Insurers are spending millions upon millions of dollars and five-plus years to implement or rip & replace their back office core systems only to find later that they really did not solve their problems. It still takes them months to years to implement new products, requires heavy programming to launch and distribute products, and they are locked-in to only using the tools provided by their one vendor who claimed they could “do-it-all”.

RT ProExec Distributes New Commercial Cyber Product with ClarionDoor Technology

Santa Barbara, California — October 8, 2019 — Nearly all successful cyber-attacks originate from the more than three billion fake emails sent each day attempting to coax recipients into clicking on a link which exposes private information, hacked credentials, or worse. That is why RT ProExec, a division of RT Specialty and a leading wholesale distributor of specialty insurance products and services, is delivering a new insurance product which expands the scope of cyber coverage the company is currently able to place for commercial businesses by leveraging ClarionDoor’s technology.

Branch Launches Bundled Home and Auto Insurance Products Using ClarionDoor Technology

Santa Barbara, California — September 18, 2019 — It’s impossible to escape the hype large insurance companies, data providers, and software vendors create using industry buzzwords, like blockchain, big data, telematics, or artificial intelligence (AI). However, emerging InsurTech challengers, like Branch Financial, Inc. (Branch), are moving beyond the hype by using modern technology from ClarionDoor to create and bundle insurance products with the industry’s most accurate insurance premiums ever.

Is it better to be fast or first to market?

Speed to market has been a hot topic throughout the insurance industry for as long as I can remember. Given the lessons learned from past failures and successes, it begs the question of whether it is better to be “first” or “fast” to market.

Automating Innovation with ClarionDoor’s Digital Distribution Suite

Santa Barbara, CA – August 5, 2019 – Automating Innovation

Today, people expect constant innovation, but the reality is that the technology many insurers use is preventing that innovation when it is supposed to be enabling it. See how ClarionDoor’s Digital Distribution Suite is not only enabling insurers to be innovative, but automates that process so insurers can deploy products to market fast without jeopardizing quality.

CM&F Group invests in automated quoting capabilities to better serve healthcare professionals

Santa Barbara, California — July 30, 2019 — Rising instances and costs driven by medical malpractice litigation since the 1980s has put a tremendous burden on healthcare professionals, patients, and insurance organizations alike. However, amidst the chaos of the medical malpractice crisis, managing general agents (MGAs) like CM&F Group (CM&F) have continued to find ways to stay competitive on price and provide quality products and excellent service to healthcare professionals.

Harnessing the Opportunities of Insurance Innovation

Santa Barbara, CA – July 2, 2019 – Harnessing the Opportunities of Insurance Innovation

General insurance companies today face rapidly increasing demands both externally and internally. Externally, customers and agents alike expect a purchase process that used to be slow and complicated to now be fast and easy. Internally, there’s pressure to implement ever more sophisticated risk pricing and eligibility screening, augmenting the basic rate tables and human judgement of the past.

The Value of Digital Distribution

Santa Barbara, CA – June 19, 2019 – The Value of Digital Distribution

Digital distribution is one of the major challenges facing insurers today as more insurers are relying on distribution partnerships to stay competitive. See digital distribution come to life from ClarionDoor’s demo at DigIn 2019.

Why Insurers Choose ClarionDoor

Santa Barbara, CA – May 9, 2019 – Why Insurers Choose ClarionDoor

With so many different technology solutions in the insurance industry today, differentiating yourself from the competition can always be a challenge. See how ClarionDoor is leading the pack and why many insurers are choosing ClarionDoor for their innovative solutions to insurance distribution.

ClarionDoor Selected to Provide Rating and Issuance for Assurely’s Insurance Solution

Santa Barbara, California — February 22, 2018 — ClarionDoor, Inc. (ClarionDoor), a top provider of enterprise-class, cloud-based solutions for property and casualty (P&C) insurance companies, is pleased to announce that Assurely has selected ClarionDoor’s Digital Distribution Suite to provide rating, issuance, and forms management functionality as part of the company’s development of a truly application-free platform for purchasing insurance.

Digital Insurance Evolves with ClarionDoor’s Digital Distribution Suite

“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.”

Going Digital With ClarionDoor

“Every once in a while, a new technology, an old problem, and a big idea turn into an innovation,” Dean Kamen – Founder of Segway

This quote explains why ClarionDoor is leading the path in insurance technology innovation, and why so many insurers are choosing to go digital with ClarionDoor.

Recently, ClarionDoor’s CEO, Michael DeGusta, spoke with Rough Notes about why we are different, how we are changing the industry, and the ClarionDoor Experience. Read the full article here.

Entertainment Risk Goes Live with ClarionDoor Issuance

Expanding on a prior implementation of other components in ClarionDoor’s CD Digital Distribution Suite, Entertainment Risk selected CD Issuance to provide a modern solution which could easily handle the company’s policy issuance process and consolidate applications across lines of business. CD Issuance fully automates the policy lifecycle and mitigates the manual rekeying of policy information while aligning business processes on a single enterprise system.

ClarionDoor Announces Additions to Executive Team

Steve Roth brings more than 18 years of tactical financial experience to ClarionDoor as CFO. As the prior CFO, COO, and chief compliance officer at Pacificor, LLC, Roth brings a balanced approach to managing company financial operations.  As part of ClarionDoor’s executive team, Roth oversees finance, accounting, and human resources (HR), and plans to proactively maintain the company’s financial health and growth.

Assurant Goes Live with ClarionDoor’s CD Rating and CD Insurance

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.

CM&F Group Selects ClarionDoor’s Insured Rating

Founded in 1919, CM&F Group is a New York-based, full-service insurance brokerage writing national programs in all 50 states and Washington D.C.  CM&F Group provides access to innovative and comprehensive insurance programs and solutions in markets which are home to the world’s largest financial and insurance institutions.

Hallmark Financial Services, Inc. Selects ClarionDoor’s Insured Rating

ClarionDoor’s Insured Rating is a feature-rich, flexible, rating solution which has been developed from the ground up to operate, perform, and scale exclusively in the cloud. The modern technology platform on which Insured Rating is built provides all the tools and services necessary for rating any line of business, algorithm, or transaction type. Under the terms of the agreement, Hallmark and ClarionDoor will work together to implement Insured Rating specifically for general liability, commercial property, and inland marine lines of business for Hallmark’s excess & surplus (E&S) lines-focused, contract binding operating unit, Hallmark Specialty Underwriters.

Bass Underwriters Selects ClarionDoor’s Cloud Rater

Bass Underwriters, one of the largest property and casualty (P&C) MGAs in the U. S. by premium, selected the ClarionDoor’s Cloud Rater to further empower underwriters with a high-performance rating solution that provides access to ISO ERC in an easy-to-use, web-based quoting platform. Utilizing ISO ERC, ClarionDoor will seamlessly provide Bass Underwriters with future ISO rating updates.