(Image source: ClarionDoor promotional video.)
ClarionDoor, Inc. (ClarionDoor), a provider of cloud-based rating, quoting, and issuance solutions for property/casualty insurers, has added Mark Heslop to its leadership team as Head of Data and Analytics.
“Mark is an important addition to our team,” comments Michael DeGusta, CEO, ClarionDoor. “He will be working on bringing best-in-class data and analytics to the underwriting forefront by integrating third-party data solutions, building out analytical modules to enable stronger and more consistent underwriting, and providing underwriters and managers at client companies with real-time analytical dashboards to further empower more effective business strategies and course correction where necessary.”
Heslop has over ten years’ experience in the FinTech and InsurTech industries and a focus on real-time data analytics that drive business decisions, according to a statement on the appointment. He has held senior positions at Risk Management Solutions, Nomis Solutions, and Amazon Web Services where he helped develop integrated customer-centric strategies across cloud-hosted platforms. In his role at ClarionDoor, Heslop will be responsible for advancing data strategies for solving problems faced by property/casualty insurers.
“Data is becoming the epicenter of the insurance industry,” Heslop comments. “With the increasing demand on bringing innovative products to market, better user experience, and insurers building stronger relationships with customers, having a data strategy is not only important, but essential to staying competitive.”
Bringing Data and Analytics to the Forefront of the Insurance Process
“Insurance technology and solution providers have made progress in back-office analytics and ‘after-the-fact’ insight, but the industry has not managed to tackle the integration of rich data and analytics at the point of rating, quoting and issuing each policy,’ Heslop adds. “This is largely due to front-end systems which are tied to outdated, back-office core administration and portfolio management systems, making the evolution of front-line operations increasingly difficult to achieve. ClarionDoor’s modern, API-first platform designed specifically for rating, quoting, binding, and issuing policies provides the perfect foundation to bring best-in-class data and analytics to the forefront of the insurance process, where business is being won or lost.”
ClarionDoor’s Digital Distribution Suite (CD Digital Distribution Suite) provides rate/quote/bind, issuance, and forms management functionality, with the aim of helping the vendor’s insurance company clients to rapidly improve speed to market, enhance the user and customer experience, and optimize new and existing distribution channels, according to the vendor.