ClarionDoor, a Zywave company, has announced a strategic repositioning of its entire product suite to better align with market demand.
The shift moves the ClarionDoor products – including standalone rating, comparative rating, product distribution, and policy management – away from complex naming conventions in order to enable insurers, managing general agents, and program managers to more effectively find products that meet their needs, the company said.
“The insurance industry is oversaturated with technology products hidden behind vague naming conventions that don’t align with their functions,” said Michael DeGusta, general manager of ClarionDoor. “We encountered similar challenges before deciding to transition to a solutions-based approach. It’s really a better way to connect insurers to our products and to simplify how they are presented to the industry.” ClarionDoor was founded in 2010 and acquired by Zywave last year. Its products and services include: Standalone rating: a rating and pricing engine that allows insurers to be innovative in product design and capable of auto-scaling with the needs of the business. Comparative rating: ClarionDoor’s comparative rating product cuts quoting time and speeds policy delivery while expanding distribution channels for carriers and MGAs, with options for using an established E&S carrier network or creating a private network. Product distribution: a product engine for configuring and distributing insurance products, as well as an intuitive underwriting and distribution interface with modular capability ranging from rating, quoting and binding to dull policy issuance. Policy management: ClarionDoor’s alternative to traditional policy administration, which can be configured to focus only on the immediately needed aspects of the policy life cycle with the appropriate degree of automation demanded by the targeted product and market. Read next: ClarionDoor CEO on automated underwriting “By moving to a solutions-based approach, we hope to make it easier for insurers to identify and select our solutions that best meet their unique needs,” DeGusta said.
