Hallmark Modernizes Commercial Rating and Underwriting with ClarionDoor Solution

The specialty P&C writer will use Insured Rating for general liability, commercial property, and inland marine lines of business for Hallmark’s E&S lines-focused, contract binding operating unit.

(Fort Worth skyline. Photo credit: Longhorn Dave.)

Hallmark Financial Services, a Fort Worth, Texas-based specialty P&C insurer has selected ClarionDoor’s (Santa Barbara, Calif.) Insured Rating to automate several lines of business for the company’s underwriters and MGAs. Under the terms of the contract, Hallmark and ClarionDoor will work together to implement Insured Rating for general liability, commercial property, and inland marine lines of business for Hallmark’s excess & surplus lines-focused, contract binding operating unit, Hallmark Specialty Underwriters.

“Partnering with ClarionDoor allows us to deliver a modern, user friendly, web-based rating solution to our MGAs and underwriters in a matter of months,” comments Don Meyer, president of Hallmark Specialty Underwriters, Inc. “The platform also allows Hallmark to have more control over the rating, underwriting, and reporting process for our commercial lines products.”

Entirely Developed for the Cloud

ClarionDoor describes its Insured Rating solution as a feature-rich, flexible, rating solution which has been developed to operate exclusively in the cloud. The vendor says that the technology platform on which Insured Rating is built provides all the tools and services necessary for rating any line of business, algorithm, or transaction type.

Among the benefits Insured Rating will bring to Hallmark are the ability to rate, quote, and bind, as well as gaining an efficient method of supporting the renewal process, according to ClarionDoor.  The solution’s web service feature will allow Hallmark to offer direct access to rates by MGAs and third-party comparative rating vendors.

Hallmark’s agreement with ClarionDoor alsoincludes the development of a policy forms service that will display a list of required and optional forms on the Hallmark quote letter. This feature also provides the ability to view the actual policy form by simply on the clicking on the hyperlink in the quote letter, according to the vendor.

“This selection is largely based on Hallmark’s confidence in ClarionDoor’s ability to provide fully-automated rating complemented by a number of time-saving features,” comments Patrick McCall, chief sales officer, ClarionDoor. “In working with the Hallmark representatives throughout the sales process, we jointly developed several new features which will enable their agents and underwriting teams to provide quality service and a more efficient process for delivering insurance quotes.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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