Posted on 20 Jan 2011
Vertafore, a leading provider of software and information to the insurance industry, today announced that its Sircon producer lifecycle management solution has successfully processed a total of 70 million online transactions.
“We rely on Sircon for managing the producer lifecycle in both our captive and non-captive channels,” said Chris Iorio, manager, broker sales at Geisinger Health Plan. “Sircon helps us get our producers to market faster through real-time processing and assured compliance.”
The Sircon solution helps insurance carriers, agencies and education providers reduce the time and cost required to manage regulatory compliance by linking industry stakeholders electronically, providing direct electronic connections to state regulators and trusted data sources. Sircon allows state regulators, insurance carriers, brokers/agencies, education providers and individual producers to process mission-critical transactions electronically, such as licensing, contracting, appointing and other compliance-related services, often with a single click. Sircon's technology eliminates paper from these regulatory processes while reducing per-transaction costs and bolstering productivity.
“Achieving these milestones illustrates the growth and adoption of our online processing services and represents hundreds of millions of dollars saved for the industry,” said Tim Owen, vice president of Sircon product management at Vertafore. “Dependability and effectiveness have driven Sircon’s growth as the most comprehensive producer lifecycle offering in the industry. Eliminating paper and manual processes saves our clients money while ensuring they’re compliant with state regulations.”
Sircon’s growth in transactions has been propelled by new product offerings including Sircon ProducerEDGESM, a personal compliance portal for individual agents. With more than 75,000 subscribers, Sircon ProducerEDGE provides a cost-effective way for agents to manage their own licensing and continuing education information online. This helps keep them compliant and able to service their clients. As with all Sircon solutions, Sircon ProducerEDGE is delivered as software-as-a-service, providing convenient online access to technology eliminating the need for installed software or expensive hardware. For more information, visit www.sircon.com <http://www.sircon.com> or call 877.876.4430.
About Sircon, a Vertafore Business
Sircon products and services are wholly owned by Vertafore, Inc. Vertafore is the leading provider of software and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers. Vertafore leverages a unique industry presence to deliver meaningful solutions - powerful technology, critical information and robust insights to help organizations effectively respond to business challenges and capture new opportunities. Vertafore solutions have helped more than 17,000 customers and 500,000 users gain a competitive advantage to accelerate their business performance. For more information about Vertafore, please visit www.vertafore.com.