Agencyport Software, leading provider of software and services to the global insurance and reinsurance industries, announced today that Capital Insurance Group®(CIG) has chosen the vendor's AgencyPortal™ web-based distribution platform, Turnstile form automation service, and Connect5 routing and orchestration platform to create a differentiating online point of sale experience for the carrier.
CIG, the leading regional property and casualty insurer serving the Western United States, sought a web distribution solution that would draw more business and make doing business faster and easier for their agents, internal underwriters and policy clients.
"CIG is undergoing a significant multi-year core consolidation and improvement initiative," said Walt Bennett, VP of Underwriting. "At the same time, we recognize important revenue growth opportunities. A world class, independent front end like AgencyPortal™ will allow us to differentiate from our competitors, drive speed to market, and provide greater automation support for both consumer and agent constituencies — all amidst backend replacement."
"Like so many P&C insurers today, CIG is responding to the mandate to invest in the modernization and streamlining of its core systems," said Deb Smallwood, founder of insurance analyst firm, Strategy Meets Action (SMA). "At the same time, significant revenue growth and expense reduction opportunities exist. Leveraging a flexible, best-of-breed front end to improve the ease of doing business will allow CIG to take on both initiatives simultaneously — getting them to their business goals more quickly."
"The P&C industry is at an inflection point," said Curt Stevenson, Senior Vice President of Customer Service at Agencyport. "Companies are striving to make it easy for their distribution partners to write more profitable business while maintaining operational excellence. We’re delighted to partner with CIG — one of a growing number of carriers leveraging our software to realize short-term benefits as part of a longer-term modernization strategy."