(Image source: Flow homepage.)
To meet the increased need for accurate flood coverages, Flow Insurance Services, a Lafayette, California-based, Lloyds coverholder and program manager, announced that it has launched both a private residential and a commercial flood comparative rater, FlowRater, on ClarionDoor (Santa Barbara, Calif.).
“FlowRater is innovating the way agents purchase flood insurance by utilizing single point entry and taking what would be a 30-minute exercise in quoting down to three minutes,” comments Michael Pallas, co-founder of Flow, about mitigating the problem.
“We have seen a significant increase in flood activity over the last several years and it is crucial that homeowners are properly protected,” comments Abbe Sultan, co-founder, Flow. “Our goal is to be the agent’s solution for the best flood insurance options available on the market. ClarionDoor’s modern insurance platform has enabled us to do that and establish connections to our distribution channels in record time so we can better service our agency partners.”
ClarionDoor describes its offering as an API-first, digital distribution platform that provides insurers and managing general agencies (MGAs) the flexibility needed to create, launch, and distribute products for any line of business. “With a deeper bench of data experts, implementation times that easily beat industry norms, guaranteed uptimes, and real-time scalability, ClarionDoor helps insurers and MGAs achieve immediate improvements in critical processes,” a company statement says.
Seamless Relations with Distribution Partners
“MGAs have the unique challenge of not only providing a streamlined service to their customers, but also establishing seamless relationships with distribution channels,” comments Patrick McCall, chief sales officer at ClarionDoor. “We are proud to have been part of the solution for Flow.”