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Vertafore, a provider of software and services to the insurance industry, has announced the release of PolicyIssuance. It is a new product that shortens the policy-issuance cycle time for MGAs and limits E&O exposure by auto-filling data directly from their agency management system to the appropriate and current E & S carrier forms. PolicyIssuance will be available in the third quarter of this year.

“By providing complete, correct, and current information directly from the MGAs’ management systems to the E&S carriers’ forms, PolicyIssuance helps MGAs produce policies in hours, instead of days,” says Matt McKernan, Vertafore’s president of carrier and MGA markets. “The solution virtually eliminates form library maintenance. Libraries now can be updated on a real-time basis for the MGA via the E&S carriers.”

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