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Coaction Specialty Insurance Group (formerly Prosight Specialty Insurance Group), has selected ClarionDoor to modernize product distribution capabilities for the company’s commercial general liability and commercial property lines of business.
Headquartered in Morristown, New Jersey, Coaction combines product, analytics, and underwriting capabilities with strong industry knowledge and partnerships to provide specialty insurance solutions for the property, casualty, entertainment, executive liability, and multi-line verticals. Coaction’s focus on ensuring continued delivery of exceptional value to partners and policyholders led the company to ClarionDoor as part of a digital transformation and core system replacement initiative, according to a ClarionDoor statement.
“Developing and launching modern insurance products and solutions is a priority for Coaction,” comments Mike Sciole, COO, Coaction. “Partnering with ClarionDoor will allow Coaction to support future growth, streamline distribution, and elevate our service standards helping us deliver products to the market for a frictionless sales experience.”
Powerful Product Engine
ClarionDoor describes its product distribution solution as equiping insurance customers with a powerful product engine fronted by a remarkable underwriting interface that provides a real-time, seamless distribution experience. ClarionDoor says its rapid implementation capabilities enable insurers to develop and deploy innovative products and empower the sales channel with complete policy rate, quote, bind, and issuance capabilities.
“During the selection process, it was clear that Coaction’s immediate goal was to launch their products fast and with full distribution and API capabilities on day one,” comments Patrick McCall, VP, sales, ClarionDoor. “Our innovative insurance technology and rapid development approach will enable Coaction to launch their E&S carrier division quickly and establish a frictionless sales, underwriting, and distribution experience. We are thrilled to be part of Coaction’s continued journey.”