Okemos, MI, October 10, 2014 : NetRate Systems, Inc. is pleased to announce the implementation of the NetRate Commercial Lines Rating System at Transportation Insurance Services, LLC (TIS), headquartered in Melbourne, FL. TIS is a newly established program administrator that specializes in underwriting waste-hauling trucking risk operations. TIS utilizes the NetRate software to rate Commercial Auto and General Liability exposures pertaining to their Transportation/Trucking Program, and anticipates expanding the system for other programs as they become available. Transportation Insurance Services’ implementation of the NetRate application includes the following NetRate modules:
- NetRate Rating Module for Commercial Auto and General Liability
- NetBind Policy Life Cycle Module to enable new business, endorsement, cancellation and reinstatement, and renewal processing
- NetXPORT Integration Module for XML integration of rated risks with third-party Policy Administration system
- Custom programming to support several company-specific coverages provided by their supporting carriers
In addition to providing the rating application, NetRate Systems also exercises its status as an official ISO® Business Partner to handle all ISO®-mandated rate/rule updates, and manages all Transportation Insurance Services program specific updates to the system. All of these updates are performed seamlessly to the hosted, web service-enabled NetRate Rating application.
Regarding the implementation of the NetRate application, Jacalyn DeVries, Chief Operating Officer at TIS, said: “In order to hit the ground running with our Program, it was critical to have in place the technology elements necessary to quickly and easily quote submitted risks. NetRate was able to provide Transportation Insurance Services with an extremely intuitive, easy-to-learn and easy-to-understand rating system. At the same time, NetRate was able to easily configure their robust ISO®-based system to incorporate special features that are custom within our program, and which we consider important to help differentiate Transportation Insurance Services offerings. The data flowing from the NetRate system is critical for us to manage our workflow, and provided our underwriting/rating staff with a terrific tool to generate business virtually as soon as we opened our doors. They did it quickly and correctly, and were able to deliver in advance of their projected delivery date. This was important, as it was critical for us to get out of the gate quickly as we introduced ourselves to the marketplace.â€
DeVries continued: “NetRate has continued to show superior support and responsiveness, working with us to not only quickly implement the system, but to also act rapidly in the event of changes, whether they are changes from ISO® or changes by our carrier. I give NetRate’s support staff high marks.â€
From NetRate’s president, Dave Jordan: “It was a great pleasure to have Jackie and her associates at Transportation Insurance Services come onboard with NetRate Systems. Jackie’s willingness to become fully engaged in the implementation was very helpful in getting the system up and producing business quickly. We’re extremely honored to have the NetRate application in use as an important tool in Transportation Insurance Services’ growth.â€
About NetRate Systems, Inc.
NetRate Systems, Inc. supplies Commercial Lines Rating Systems to the Property and Casualty insurance marketplace, primarily to MGAs and carriers. With sophisticated, yet intuitive, systems designed to eliminate manual references, reduce data entry key strokes, and automate rating through the full policy life cycle, NetRate Systems products include nationwide rating of ISO® General Liability, Property, Business Auto, Crime, and Inland Marine, as well as NCCI Workers Comp. NetRate Systems also offers custom development of all lines of business. NetRate Systems rating and policy issuance solutions include cloud-based web services that power our desktop windows and web-based point-of-sale submission, rate, quote, issue applications. NetRate Systems also provides integration of third-party data sources and services to speed up the quoting and subsequent reporting processes. We also have strong partnerships and integrations with third-party policy administration systems. For more information, please visit our website at www.netrate.com.
About Transportation Insurance Services, LLC
Transportation Insurance Services, LLC (TIS) is a full service Managing General Agent specializing in property and casualty insurance for the transportation industry. TIS offers underwriting expertise in commercial transportation risks, and we specialize in placing risks for commercial and residential waste haulers, street sweeping operations, pumper trucks, and septic haulers. The TIS underwriting and management teams have collective experience of over 50 years in the transportation insurance industry. Our experience coupled with our cutting edge technology platform and superior service levels make the TIS experience unique. TIS is currently using the NetRate Systems solution to rate multiple lines of business in a multi-state footprint. As TIS looks towards the future, we seek to achieve continued success and growth through existing and new program development.
For more information regarding this news release, please contact:
NetRate Systems, Inc.
(517) 347-4900 x113
Transportation Insurance Services, LLC