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Vertafore Expands Rating Product into Florida Property Market

Staff Writer | June 23, 2016

Vertafore announces the addition of several new homeowner carriers to their flagship comparative rating system PL Rating, expanding the company’s reach into the Florida property market. Since its acquisition of QQSolutions, a Florida based agency management system and rating company, there has been a demand to provide this additional service to current Vertafore and QQTM clients in the state.

“Improving access to the difficult Florida property market will allow our customers a better experience writing and servicing their clients,” says Mark Malis, president of QQSolutions. “While the first step is to offer this functionality in PL Rating, we’ll be embedding the property workflow and Florida markets directly into the QQCatalyst system to make it even easier for our agencies to get access to this crucial information.”

Vertafore and PL Rating currently have over 10,000 agencies that leverage the rating solutions in 48 states and the District of Columbia. PL Rating also currently has over 150 carriers in production for auto and homeowner’s rates throughout the country, and all of the Vertafore rating products produced well over 200 million real-time carrier transactions in 2015.

“Florida is a large market and with our recent merger with QQSolutions, we’re expanding and making an absolute commitment to our common customers like we have in other states,” says Dave Acker, vice president and general manager, information solutions at Vertafore. “PL Rating’s integrated third-party data partners allow our clients access to external information required during the quoting process, which makes for a more accurate and bindable quote.”

PL Rating integrates with prefill and automated Insurance to Value products from CoreLogic, as well as state Public Protection Classification from ISO, which are key components to the homeowner’s platform. Vertafore has also added the capability to do an automatic, integrated flood quote at the same time as homeowners by partnering with AON National Flood Services, the provider of WYO flood processing for many of the nation’s carriers.

“The Florida homeowners market has become competitive,” Acker says. “It’s extremely important that agents have access to the private market in an easy to use, integrated platform, and our solutions do that.”

A sampling of the recent Florida homeowner carriers that have signed up and will be available by Q3 on the PL Rating platform include: Tower Hill Insurance Group, Sawgrass Mutual, Cypress, Modern USA/American Traditions, and Stillwater Insurance Group among others. 


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