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Changing the look of professional liability technology

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.

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.

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.

Why Are We Still Talking About Digital Transformation?

Many date the beginnings of the insurance industry’s digital transformation to the emergence of cloud computing some 15 years ago. Others go back further, to the arrival of the commercial version of the internet in the mid-1990s. Some would trace the origins all the way back to the debut of personal desktop computers in the early 1980s or even to the introduction of digital calculators in the 1970s. 

Whatever date is correct, it’s clear that digital transformation in insurance has been underway for a very long time. So, why haven’t we moved on? Why are we still focused on digital transformation?

Enter Once, Quote Everywhere with ClarionDoor’s MGA Hub

Managing general agents (MGAs) continue to play a major role in today’s digital market; however, traditional operational approaches can be more than frustrating. Until now, MGAs typically had to access multiple carrier quoting portals that each required different information in order to obtain pricing options. This process is not only time-consuming, but prone to duplication, errors, and oftentimes leads to missed opportunities. For MGAs to be effective, they need a single platform where they can enter submissions once, compare indications from multiple carriers, and complete the sales process without the need to rekey data. 

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.

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