(Image source: UFCIC website.)
Universal Fire and Casualty Insurance Company (UFCIC), a multiline admitted commercial lines insurer with primary offices in Detroit, Michigan and Columbus, Ohio) has selected ClarionDoor’s (Santa Barbara, Calif.) rating, quoting, and policy issuance solutions to support the rapid and cost-effectively launch of new products for its General Liability, Commercial Property, Business Owner Package, and Inland Marine lines of business.
Founded in 2003, over the years UFCIC has expanded with licenses to sell surety bond coverage in 40 states and commercial property/casualty products in 24 states with more state licenses in progress. The insurer has invested in ClarionDoor’s API-first, cloud-native technologies to move past legacy limitations, and rapidly launch new commercial insurance products that address current market demands and de-risk business operations, according to a ClarionDoor statement.
“We have reached a point in time where digital transformation is not a choice,” comments John Lucker, EVP, strategy and analytics, UFCIC. “With market conditions changing rapidly, we needed a technology solution that would position the company strategically in this space as we expand into new lines of business. We needed to do this at a fast pace to meet the demands of the marketplace and of our distribution partners. ClarionDoor’s impeccable track record in delivering modern, flexible, and scalable solutions, on-time and on-budget, was a significant factor in our selection decision.”
“Leveraging external data sources via industry standard API interfaces to improve operational efficiency and underwriting accuracy were a major goal for this implementation,” adds Tim Ellis, CIO, UFCIC. “Also key to our needs was the ability to maintain core operational parameters, business rules, and certain workflow via user maintainable controls and tables to avoid over dependence on IT developers. Being hosted exclusively on AWS, ClarionDoor’s API-first, cloud-native solutions not only ensure the stability, security, and reliability we need, but also help us future-proof our technology environment.”
ClarionDoor describes its insurance product distribution software as providing insurers and MGAs the flexibility needed to rapidly 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,” the vendor statement says.
“Launching new products is traditionally complex,” comments Pat McCall, chief sales officer, ClarionDoor. “In today’s market, insurance companies need to optimize their innovation rather than linger in implementation and our rapid development approach makes speed to market a reality. It is great to have UFCIC join the ClarionDoor family.”