Helping you make smart insurance software decisions, our all-new white paper outlines important differences between single vendor and best-in-breed approaches, and outlines key features for your requirements list.
Discover the “must-have” features for next-generation core administration systems including:
Don’t make an insurance software decision without this insightful information. Get your copy now.
The property and casualty insurance market is changing fast. Is your insurance organization keeping pace or is your insurance technology inhibiting your ability to take advantage of emerging opportunities?
If you’re interested in agile insurance technology that facilitates direct-to-consumer selling, distribution management and mobile engagement, take a closer look at Silvervine Software. Our insurance technology is the platform of choice for many of the nation’s most sophisticated insurers and MGAs. We’d love the opportunity to help you more effectively compete by implementing a complete suite of innovative and integrated insurance software solutions. Request a demo today.
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Change is in the air. CCC Information Services just released their 2016 Crash Course Report, and the conclusion is clear: Auto insurance is at an inflection point, driven by a rise in accidents as well as a flood of new tech. Here are the highlights.
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If you ask industry pundit Brian Sullivan what's the state of the auto insurance industry right now, he's not going to be at a loss for words. For the last 23 years, he’s been publishing the Auto Insurance Report; since 1998, he’s been organizing the conference that goes with…Full Story
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Earlier this…Full Story
What’s new in the world of self-driving vehicles? Quite a bit, actually. Here are five new developments on the path to autonomous driving. Auto insurers, take note!
1.Thirty different companies are in the race. According to Business Insider, 30 companies have autonomous vehicles…Full Story
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This March, McKinsey & Company released a report highlighting the small commercial insurance sector. With steady market growth and no dominant player in the field, the sector is ripe for competition. Let’s just say, if it were a pear? You'd have eaten it already.
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The FedNat Insured Web is a great tool for our insureds!
They like having a centralized location to view policy info, make payments, upload policy documents, and elect to become paperless to receive a discount.
The insureds also can file a First Notice of Loss for a claim and access exiting claim info. Silvervine recently enhanced the site which allows insureds to upload policy documents directly to their policy. The uploaded docs go directly into our workflows and save a lot of manual effort on our part.
From my visits with agents, the agents appreciate the app for the amount of time saved on having to download and attach photos directly to the policy.
The app can also reduce the amount of staff required for a busy office to fulfill underwriting requests for photos.
When training agents they are amazed at how quickly the photos attach directly to the policy. After taking photos using the app and before they make it back to their desk, the photo is already attached to the policy. They also like the ability to attach additional photos for pre-existing damage.
Customer Service is seeing an improvement with retention as the text message definitely triggers phone calls from insureds to make payments.
The insureds love the fact that we notify them on their phones because they state that sometimes they don’t receive their mail for various reasons.
The insureds are paying more attention to the texts then to their actual mail. We try to set all of our customers up on that option if we notice that they are not currently enrolled, as it builds great customer relations as well as retention.
As a company we have adopted the use of Policy Scan for all our policies, and our agents have adopted the use of the app as well.
Not only is it easy to use, there is also no more worrying about losing photos, having to store photos or photos being attached to the wrong policy.
With Policy Scan we have increased efficiency in our workflow and reduced our exposure on the risk.
Silvervine’s core administration solutions easily handles multiple carriers within multiple states, including accounting, payment processing, immediate policy issuance and endorsements.
What started out writing one product, one line in one state has now grown into mulitple products, multiple lines and writing in multiple states. We have over $95 million in annualized premium in-force and we expect to grow by 20% during the next year all serviced by Silvervine.
Silvervine was our insurance software system of choice when we started the company in 2006. Silvervine enabled us to begin business within a few months of licensing the company. Today, we are one of the top 20 homeowner’s writers in Texas and SIlvervine’s solutions have been an integral part of our success.