(Photo credit: Robert Spinello.)
Hagerty, (Traverse City, Mich.) has selected Vlocity (San Francisco) Digital Insurance to transform its legacy core systems with a modern, cloud-based insurance platform that runs entirely on Salesforce. Hagerty, an automotive lifestyle brand and also a global insurance agency focused on collector cars, boats and other vintage vehicles, will replace its existing operating systems with a solution from Vlocity supporting the entire policy lifecycle.
McKeel Hagerty, CEO, Hagerty.
Vlocity reports that its Digital Insurance Platform will be added to Hagerty’s existing Salesforce Platform and will replace several internally developed and legacy vendor applications.
“Vlocity will enable us to accelerate our digital transformation and ensure we have the agility to grow our business and innovate new products and experiences,” comments McKeel Hagerty, CEO, Hagerty. “Vlocity’s cloud-based solutions help ensure we’ll be able to move quickly, and allow us to continue to standardize on the Salesforce Platform.”
Vlocity offers a full suite of digital insurance applications which power policy administration and claims processes for policyholders, agents, brokers, customer service representatives and underwriters on the Salesforce Platform.
Vlocity recently announced the availability of comprehensive integration of Vlocity Insurance with Salesforce Financial Services Cloud, which the vendor calls a significant next step in its collaboration with Salesforce to bring to market an end-to-end insurance solution designed for the unique needs of life, property & casualty (P&C) and group insurance providers. Vlocity has built insurance-specific functionality to work with Financial Services Cloud to help power an insurance carrier’s digital transformation.
Close Collaboration
“We are excited to partner with Hagerty to bring their business to the cloud,” comments Raja Singh, SVP and General Manager, Vlocity Insurance. “Hagerty is a leader in their market with an expansive strategy and talented technical team. We look forward to a close collaboration as they implement the Vlocity Digital Insurance Platform across quoting, policy administration, billing and claims management across all their channels.”
“Leveraging the Salesforce Platform enables organizations to drive innovation and deliver digital experiences that today’s consumers and producers have come to expect,” says Rohit Mahna, SVP & GM, Financial Services, Salesforce. “We are excited to see Vlocity innovate as they help Hagerty transform their business for the digital age.”
If 2017 Was the Year of Insurtech, Will 2018 be the Year of the Insurance Platform?