September
13, 2006 - NetRate Systems, Inc. (Okemos,
MI), QualCorp, Inc (Valencia, CA) and VRC Insurance
Systems (Westlake Village, CA) are jointly announcing
plans to provide coordinated Rating, Policy Issuance,
and Policy Administration through seamless integration
of data between their respective systems.
The
integrated system brings to fruition one-time data
entry which includes full Policy Life Cycle processing
of new business, endorsements, cancellation/ reinstatements,
and renewals through the integration of data within
NetRate Rating and NetBind modules, QualCorp FormsPlus
Enterprise policy issuance, and VRC Velocity accounting
and policy management. Peter Cooper, President of
VRC, says, “The advantage to our MGA and carrier
customers is huge. The key is the elimination of duplicate
data entry. From rating in NetRate to issuance in
Forms Plus to accounting/policy management in VRC,
customer and policy data is entered only once. The
MGAs that utilize our suite of products will see increased
productivity, and a decrease in the number of errors,
along with more accurate reports.”
NetRate’s
Rating Module is a high-performance rating engine
for ISO and Carrier-custom Business Auto, General
Liability, Property, Inland Marine, Crime, and Business
Owners lines, along with NCCI and Monopolistic Workers
Comp programs, and carrier-specific Personal Lines.
The NetBind module provides Policy Life Cycle rate
processing of endorsements, renewals, cancellations
and reinstatements. NetRate’s NetXPort module
enables XML-based integration of NetRate rating and
policyholder data into external systems.
QualCorp’s
FormsPlus Enterprise is a Microsoft-based policy issuance/administration
system that affords the user complete submission tracking/verification,
quote issuance and issuance for all personal/commercial
lines of business in all 50 states for any MGA/carrier
combination. The product is designed for LAN installations
or web-based processing for multiple locations. FormsPlus
Enterprise uses a Microsoft Visual Basic front-end
and a Microsoft SQL-Server database on the back-end.
VRC Insurance Systems’ Velocity software is
the most flexible, reliable, and technologically advanced
open system architecture in the insurance marketplace.
Velocity is characterized by an architecture built
for maximum availability of data and ease of data
extraction. The system is designed to be highly configurable,
rapidly deployed and easily adaptable to address the
ever-evolving dynamics of the insurance marketplace.
About NetRate Systems, Inc.
NetRate
Systems, Inc. is a leading provider of personal lines
and commercial lines rating systems for Carriers,
MGAs, and Brokers. Systems designed and built by NetRate
are used to rate, quote, and issue all lines of business,
and include both ISO-based systems and customized
rating products specific to particular carrier or
MGA needs. For more information, visit http://www.netrate.com
or call Lee Melvin at (770) 569-8529.
About QualCorp, Inc.
Since
1992, QualCorp, Inc. has been providing unique, customized
applications exclusively for the insurance industry.
QualCorp, Inc. answers client needs with flexibility
within daily operations, gives clients control over
profitability, and expands new vistas of opportunity
toward growth and development. In addition to FormsPlus,
QualCorp, Inc. also offers QueryPlus–a reporting
tool that works off any database. For more information,
email formsplus@qualcorp.com, visit http://www.qualcorp.com,
or call Kris Gillard at (972) 618-1660.
About VRC Insurance Systems
