Catalyit Platinum Provider Since 2022 | Last Updated June 2024
Deliver a game-changing experience for commercial quotes with Commercial Submissions. Vertafore is changing the way you create and submit applications for small commercial insurance—with a trusted technology partner and the carrier relationships to make submissions work.
Features & Quick Stats
Core Business: Automating and simplifying insurance solutions.
How Commercial Submissions Helps Independent Agents/Brokers: Commercial Submissions offers modern commercial quoting to help you deliver a game-changing experience. Automate and simplify commercial quotes with real-time connectivity, and provide an intuitive user experience while collaborating with clients to deliver more value and close business faster.
Key Features:
- Automate and simplify small business quotes
- Real-time connectivity
- Close business faster
- Intuitive user experience
- Deliver more value
Videos:
Website: vertafore.com
Contact: [email protected]
Headquarters: Denver, CO
Area of Operations: Nationwide
Partnerships: View all Association & Network Partners
Family of Products
Catalyit Team Review
A cutting-edge quoting solution tailored for small business insurance needs
Published: July 19, 2024
What we like:
- Real-Time Connectivity: Uses rating APIs for swift, real-time quoting experiences.
- Automated Data Prefill: Reduces manual data entry by seamlessly prefilling data from your Vertafore AMS, optimizing the quoting process.
- Integration Capabilities: Offers excellent integration with third-party applications and databases, significantly reducing manual workload and enhancing efficiency in handling multiple lines of business.
Things to consider:
It’s advisable to review the available lines of business and carriers to ensure they align with your current market needs, as the tool currently supports a limited selection.
| Yes/No | TechSelector™ Features |
|---|---|
| Proposal to client available? | |
| Company coverage comparison available? | |
| † | AMS integration? |
| Client access portal? | |
| Client able to quote? | |
| Ability to import schedules (Vehicles, etc.)? | |
| Carrier submission management? | |
| Application bundling? | |
| Class codes programmed? |
† Vertafore AMS360, Vertafore Sagitta
Summary:
Commercial Submissions by Vertafore is a cutting-edge quoting solution tailored for small business insurance needs. This tool minimizes the tedious task of repetitive data entry by automatically prefilling information, thereby accelerating the quoting process with various carriers. It’s designed to streamline connections between agencies and carriers.
Final Thoughts:
Commercial Submissions stands out as an innovative tool to bridge the gap in the insurance submission process. Leveraging existing data within the agency management system not only saves time but also sets a precedent for streamlining operations across various lines of business. Although its current offerings are limited to common lines of business, its potential to save time and pave the way for future integrations makes it a noteworthy option for insurance agencies.
* Unbiased review based upon information and insights available.
Product Reviews
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Vertafore – Commercial Submissions Product FAQ
For over 50 years, Vertafore, the leader in modern insurance technology, has built and delivered best-in-class InsurTech solutions to connect every point of the insurance distribution channel.
Company Name
Vertafore
Product Name
Commercial Submissions
Provide an overview of your premium comparison systems solution. What should agency and broker professionals understand as they consider how your solution could serve their needs?
Vertafore’s Commercial Submissions platform is the insurance industry’s solution to automate and simplify the commercial submissions process — from application through quote and bind. Eliminate the multi-company website visits and data rekeying conundrum that has plagued the independent agent and broker channel for years.
Please list available features of the system. What makes your platform unique?
Commercial Submissions leverages years of experience within the comparative rating space to move users effectively and efficiently through the commercial quoting process. Commercial Submission prefills data from Vertafore’s agency management systems and other third-party providers to streamline the process. The system leverages real-time carrier connections to provide users with accurate quotes.
What type of platform does your system run on?
Web Browser
How much does your service cost? Please break this down between initial setup and training and monthly and/or annual maintenance fees.
Commercial Submissions’ fees are similar to what is typical for the comparative rating space. For additional information, please contact the Vertafore Sales team.
What lines of business do you offer in your platform?
BOP, General Liability, Workers Comp, Package, Commercial Auto, Umbrella, E&S/Specialty Markets
What is your inventory? List insurance companies whose rates are available through your system or whose rating website can you access (if specific company rates are available only in certain states or for certain lines, please note that). A URL to your website with details would probably work best:
You can view Commercial Submissions’ carrier inventory on our website.
Please list the state(s) where premium quotes are available for your system. If limited lines or companies are available in certain states, please note that:
You can view Commercial Submissions’ state availability on our Help page.
Does your system pre-fill data from outside databases? If yes, what data is available?
Yes
Available data for prefill:
Commercial Submissions prefills data from VINtelligence for Commercial Auto quotes, AskKodiak for carrier appetite based on NAICS and SIC codes, and MelissaData for address verification.
Can your system go directly to ACORD forms and prefill data?
Yes
Does your system have the capability of importing schedules (vehicles, location) to prefill fields? Is there a maximum number?
Yes
Maximum number of items on schedules to import:
Commercial Submissions can import schedules of location and building information from Vertafore’s agency management systems.
Are class codes built in?
Yes
Are quotes bindable at the time of quote being generated?
Yes
Can the agent email a proposal from within the system to their client?
Yes
Do you provide a coverage comparison between companies?
Yes
Do you allow real time consumer facing quoting?
No
Do you offer a customer facing portal?
No
Do you offer a single application?
Yes
Do you offer insurance company submission management?
Yes
Describe insurance company submission management:
Commercial Submissions integrates with AskKodiak to provide carriers the ability to control their appetite within the platform.
Do you offer application bundling?
Yes
Does your platform integrate with any agency management systems? If so, please describe which vendor and system and the type of integration provided:
Yes
Integrations available:
Commercial Submissions integrates with Vertafore’s AMS360 and Sagitta management systems.
Vertafore – Commercial Submissions Videos
AMS360 & Commercial Submissions Demo
Commercial Submissions Product Pitch
Need 1:1 Help?
Our team of industry leaders can help you maximize your existing technology, discover and evaluate potential alternatives, and even assist with implementing new solutions in your agency.
Vertafore Resources
User Community
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Compare Commercial Submissions to other solutions on the Catalyit Commercial Lines Quoting Guide.
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