(Stamford, Conn., home of General Star. Photo credit: Arnold33.)
General Star’s (Stamford, Conn.) Contract P&C Division has selected ClarionDoor’s (Santa Barbara, Calif.) Insured Rating product to automate rating and quoting. General Star is a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.
The carrier, whose Contract P&C Division offers insurance products on a non-admitted basis by General Star Indemnity Company, sought a solution to automate what a ClarionDoor statement describes as a time-consuming and traditionally manual quoting process. General Star also chose the solution to achieve greater control of rates and business rules, according to the vendor. As part of its relationship with the carrier, ClarionDoor will develop a general liability and commercial property rating solution to be utilized by General Star’s appointed managing general underwriters and internal underwriters. The solution also includes an ACORD XML web service for both lines of business, the vendor reports.
“The rapid pace of change in the U.S. delegated underwriting authority marketplace called for a streamlined, single-entry solution that could be accessed by our appointed MGU clients and internal underwriters,” comments Matt Brown, division manager, General Star. “ClarionDoor was selected based on its track record in developing leading edge cloud-based rating solutions for the excess and surplus market and for its speed-to-market development process.”
Based in Stamford, Connecticut, General Star is a leading specialty and surplus lines providers in the U.S., and the Contract P&C Division offers insurance products on a non-admitted basis by General Star Indemnity Company, a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.