AgencyPort, RiskMeter Integrate STP Capabilities

AgencyPort Insurance Services, Inc., a provider of Web-based solutions and services designed for property/casualty insurers, has formed a partnership with RiskMeter Online that will eliminate duplicate data entry for underwriters and agents as well as reduce the communication needed between an underwriter and agent to quote and bind new or existing business.

"In order to provide straight-through processing and make it easy for agents to do business, it's crucial for insurers to integrate with third-party data providers to support the underwriting process," says Steven Hauck, cofounder and president of AgencyPort. "Our partnership with RiskMeter Online essentially lowers the cost and risk associated with integrating two software providers into one solution. On the heels of multiple, successful customer implementations with RiskMeter, AgencyPort can bundle a RiskMeter Web service as a valuable integrated component of our overall solution."

"IT departments throughout the insurance industry are bogged down with various long-term projects," says Dan Munson, founder of RiskMeter Online. "Unfortunately, at the same time, there's also a major push for insurers to automate the steps it takes to quote and bind business. RiskMeter's partnership with AgencyPort solves both of these problems by enabling insurance carriers the ability to check systematically for natural hazard risk without taking on a complex or costly IT project."