Hudson Insurance Group unveils new architects & engineers’ professional liability program

insurancebusinessmag | May 30, 2019

Hudson Insurance Group unveils new architects & engineers’ professional liability program
Hudson Insurance Group has launched a new national architects’ & engineers professional liability insurance program, which will be made available exclusively through Professionals Best Underwriters.A release said that the product will be officially available on June 01, 2019.
Professionals’ Best Underwriters is part of Riverton Insurance Agency. As an MGA, it serves all 50 states, creating custom multi-line insurance products.Now its latest program is targeted at traditional licensed design professional firms such as architects, engineers, and surveyors, as well as ancillary building and construction classes. Such classes include property inspection, interior design, and land design.

Spotlight

The insurance industry has gone through its own digital transformation over the past five years. With a general acceptance that digital is here to stay, most insurers have incorporated digital into their organizations, implementing ad hoc capabilities to make their business faster and cheaper, creating online tools to further engage their distribution channels, and implementing table stakes technology in areas such as marketing, digital portals, customer selfservice capabilities, and automation of some back-end processes.

Spotlight

The insurance industry has gone through its own digital transformation over the past five years. With a general acceptance that digital is here to stay, most insurers have incorporated digital into their organizations, implementing ad hoc capabilities to make their business faster and cheaper, creating online tools to further engage their distribution channels, and implementing table stakes technology in areas such as marketing, digital portals, customer selfservice capabilities, and automation of some back-end processes.

Related News

InsurTech Leaders Partner to Provide Independent Agents With Tailor-made Business Solutions

Vertafore | May 29, 2020

Vertafore announced the expansion of its open agency management system architecture with the addition of five new members to the Vertafore Orange Partner Program. API-backed open platform to give AMS users the ability to choose and get the most from the solutions and services that meet their needs. Vertafore unveiled AMS360 Connect to sync and streamline the flow of customer, prospect and policy information between AMS360 and the industry's leading CRM systems in real-time. Today Vertafore announced the expansion of its open agency management system architecture with the addition of five new members to the Vertafore Orange Partner Program and the release of AMS360 Connect™. The new integrations of leading business solutions with Vertafore products were made possible through the company's unique, API-backed open platform to give AMS users the ability to choose and get the most from the solutions and services that meet their needs. Read More: Starr Introduces Usage-Based Aviation Insurance for Pilots Who Rent Introducing AMS360 Connect Vertafore unveiled AMS360 Connect to sync and streamline the flow of customer, prospect and policy information between AMS360 and the industry's leading customer relationship management (CRM) systems in real-time. Through CRM integration, AMS360 Connect: Helps producers provide timely advice, leading to improved retention, cross-sell and proactive outreach to customers. Enables faster new business quoting by automatically passing prospect data from the CRM to start a submission in AMS360. Improves data accuracy and completeness by eliminating duplicate data entries, which reduces E&O exposure and supports better reporting and analytics. Enhances the agent experience by freeing up time to deepen customer relationships. Read More: Allstate to Extend Shelter-in-Place Payback Program Through June New Orange Partners, New Options Vertafore launched its Orange Partner Program (OPP) last year to enable agencies to integrate complementary, best-in-class business solutions with their Vertafore agency management systems (AMS) and products. Vertafore welcomes Rocket Referrals, Formstack Sign, InsCipher, Levitate and Lightspeed Voice to join its existing roster of 14 partners. Through these vetted partnerships, Vertafore customers can quickly implement business tools—ranging from marketing automation to advanced customer communications to process facilitation—to help them better manage and grow their agency. Our focus is always on helping our customers to run their businesses better, faster and smarter, we’ve heard from agents that one-size-fits-all systems can limit their choice of tools. Our Orange Partner Program and AMS360 Connect are part of our open approach to enable independent agencies to select and take advantage of the solutions that are right for them. - Chad Hawkinson, Chief Product and Data Officer at Vertafore. About Vertafore For more than 50 years, Vertafore has built insurance technology to simplify and automate the insurance lifecycle so that our customers can focus on what matters most to them – people. Vertafore's solutions for agency management, client management, ratings, regulation, compliance and connectivity empower simpler, smarter insurance distribution for every stakeholder. More than 20,000 agencies, 1,000 carriers and 23 state governments rely on Vertafore to streamline their workflows, improve efficiency and drive productivity. Through a fierce devotion to customer success, a continual focus on excellence and a commitment to delivering modern, innovative InsurTech solutions, Vertafore is delivering results that make a difference for the entire distribution channel.

Read More

RISK MANAGEMENT

Knuula Grows Engagement Letter Library via Partnership with McGowan Programs

Knuula | November 11, 2021

Knuula, the leader in digital engagement letters, is excited to announce a partnership with McGowan Programs! As a leading provider of professional liability insurance, McGowanPRO sets the standard for risk management and engagement letters. With this partnership, all of their popular templates are now publicly available for use on Knuula. Additionally, all firms holding an active errors and omissions insurance policy through McGowanPRO will receive a discount on their Knuula subscription! "Over the last couple of years, Knuula has built the best system out there for finding, drafting, editing, and sending engagement letters. Partnering with McGowanPRO brings high-quality, up-to-date engagement letter templates to our library and streamlines the process even further for our users." - Jamie Peebles, Founder & CEO, Knuula "As a leading professional liability insurance broker, McGowanPRO has always maintained that well-written engagement letters are an essential tool for accountants and CPAs to lower their exposure to litigation. Making our engagement letters easily accessible and improving the ability to customize them is so important. A partnership between Knuula and McGowanPRO, Risk Management Advisors to Accountants and CPAs, is a natural fit!" - Stephen Vono, Senior Vice President, McGowanPRO

Read More

BriteCore and Xceedance Announce Strategic Partnership

Cision PR Newswire | August 17, 2020

BriteCore, a leading provider of next-generation core software solutions for insurers, and Xceedance, a consulting, technology, and managed services company focused on property and casualty insurance, today announced that Xceedance has joined BriteCore's growing partner ecosystem. The cloud-native BriteCore platform provides end-to-end support for P&C insurers, including core policy, billing and claims modules, agent and policyholder portals, and data and analytics capabilities. BriteCore has seen rapid expansion in its customer base over the last decade. Xceedance has developed deep domain expertise from its work with insurers, reinsurers, brokers, and MGAs, and will provide diverse services to BriteCore clients in support of their system implementations. "The partnership expands BriteCore's capacity to support our growing client base," said Phil Reynolds, CEO, BriteCore. "We're especially pleased with the systems integration, configuration, and strategic support services that Xceedance offers, which align with the implementation strategies that BriteCore has refined over the last decade.

Read More