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CapSpecialty Selects ClarionDoor for Rating Initiative

Staff Writer | June 23, 2015

ClarionDoor announces that CapSpecialty has signed an agreement to license ClarionDoor’s flagship offering, Insured Rating, to handle rating for several lines of CapSpecialty's business, including general liability, commercial property, commercial auto, and business owner's policy (BOP). The solution also includes integration with CapSpecialty's policy administration system (PAS), and will be accessed by CapSpecialty's managing general agents (MGAs) and underwriters.

"ClarionDoor met all of our requirements for not only this rating initiative, but also for having a modern technology platform, extensive experience in the excess and surplus market, and a speed-to-market development process that will allow us to be in production in a matter of months," says Bob Asensio, CIO for CapSpecialty, of the decision to partner with ClarionDoor. "Also, we like the fact that on a go-forward basis our underwriters and actuaries will have the level of control needed to efficiently manage our rates and factors."

Insured Rating is a flexible rating solution that supports ISO and non-ISO rates, and which has been developed from the ground up to operate, perform, and scale exclusively in the cloud. ClarionDoor's modern technology platform provides all the tools and services necessary for rating any line of business, algorithm, or transaction type, while Insured Rating specifically provides the back-end functions required to deliver and maintain successful production implementations, including testing tools, what-if functionality, release tools, usage reporting and well-documented API resources.

"This implementation showcases ClarionDoor's ability to provide a black box rating solution with full policy administration integration," says Patrick M. McCall, chief sales officer at ClarionDoor. "We look forward to working with CapSpecialty's experts to provide a streamlined, intuitive, and easy-to-use rating solution which offers an excellent user experience for the company's distribution partners and process stakeholders." 


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