U.S. Markets close in 4 hrs 43 mins

UFG Insurance Selects ClarionDoor for ProSeries® Product Rating and Quoting

A modern, digital framework will help UFG quickly achieve straight-through processing (STP) for agents and underwriters

SANTA BARBARA, Calif., March 12, 2019 (GLOBE NEWSWIRE) -- 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 UFG Insurance (UFG) has selected ClarionDoor’s Digital Distribution Suite to provide rating and quoting functionality for the company’s ProSeries products as part of a digital initiative to modernize product distribution and achieve higher levels of straight-through processing (STP).

Headquartered in Cedar Rapids, Iowa, UFG is a nationally-recognized and highly-trusted insurance company dedicated to its policyholders and committed to improving the independent agent experience as well. Specifically, this means developing technology solutions that allow for quick integration with third-party data providers to streamline underwriting and allow agents to more rapidly quote and bind UFG’s ProSeries products for small commercial businesses and artisan contractors. 

“We were searching for a platform that could easily integrate embedded analytics capabilities,” said Jane Rheem, director of enterprise analytics at UFG. “The need to take advantage of multiple data sources and to quickly address growing market demand is critical. ClarionDoor’s technology and approach will jump start our ability to pilot a user-friendly platform for our agents, quickly adding third-party data sources, and making future product changes more efficiently.”

P&C insurance organizations rely on the performance-based, insurance-ready CD Rating and CD Quoting Portal components of ClarionDoor’s Digital Distribution Suite to provide complete digital accessibility and an intuitive portal for agents and underwriters to rate and bind policies on a single, cloud-optimized, modern technology platform. CD Rating and CD Quoting Portal can be easily integrated with any policy administration system (PAS) on the market today and provide insurance customers the ability to effectively manage products more effectively in real-time.

“UFG represents the best of both worlds, a company with deep industry knowledge and a drive to be cutting-edge in providing the best possible distribution tools to agents and underwriters,” said Patrick McCall, chief sales officer at ClarionDoor. “The clean, intuitive nature of CD Quoting Portal will keep UFG in the position of ‘carrier of choice’ in the independent agent channel, while enabling rapid adoption of any new third-party data source the company wants to utilize. CD Rating’s powerful, proven abilities with ISO Electronic Rating Content (ERC) will make implanting UFG’s ProSeries products a breeze, and ensure the company stays ahead of competitors in the market.”

With implementation times that easily beat industry norms, guaranteed uptime, and real-time scalability, ClarionDoor’s Digital Distribution Suite rapidly improves speed to market, enhances the user and customer experience, reduces total cost of ownership (TCO), and enables optimization of new and existing distribution channels.

About United Fire Group, Inc.
Founded in 1946 as United Fire & Casualty Company, UFG (UFCS) is engaged in the business of writing property and casualty insurance through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and is represented by approximately 1,100 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for the members of United Fire & Casualty Group. For more information, visit http://www.ufginsurance.com.

About ClarionDoor
ClarionDoor is the leading provider of cloud-based distribution solutions for insurance, delivering enterprise-grade rating, quoting, and policy issuance for all lines and geographies. Built on standards-based web services and best-in-class user interfaces, ClarionDoor’s proven software-as-a-service products have delivered millions of accurate real-time quotes for dozens of insurance organizations. For more information about ClarionDoor or CD Digital Distribution Suite, please visit the company’s website at www.clariondoor.com.

Media Contact:
Jennifer Overhulse
St. Nick Media Services
859.803.6597
jen@stnickmedia.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f6f7348e-84b0-46bd-af1d-b8d2a8ee2cf4