FOR IMMEDIATE RELEASE
211 Congress Street, 11th Floor
Boston, MA 02110
V3 Insurance Partners Chooses Sword AgencyPort for Producer Online Quote and Bind
AgencyPortal™ Installed for Multiline Program Administrator to Provide Superior Producer Experience
BOSTON, Mass. – August 4, 2010 – Sword AgencyPort (a Sword Group company), the leading provider of web-based, product distribution solutions to the property and casualty insurance industry, today announced that V3 Insurance Partners LLC (“V3”) has purchased AgencyPortal™ with the AgencyPortal Toolkit to launch the V3 Internet Workers Compensation product.
A managing general underwriting agency founded in 2009, V3 Insurance Partners represents strongly-rated carriers and serves the small to mid-sized market in the US. The V3 Workers Compensation portal will offer the ease of doing business, efficiency and environmentallyfriendly paperless processing. V3 Insurance Partners has invested in technology solutions to automate producer quoting, underwriting, accounting and claims. AgencyPortal™ will perform data capture, validation, rules application, cleansing and transport to other downstream and backend systems installed at V3.
“V3 Insurance Partners is committed to underwriting quality and superior producer service. To differentiate ourselves in today’s market, we have decided to use technology to make V3 the market of choice for our producers and the V3 Workers Compensation portal is key to this strategy,” stated Susan Rivera, President & CEO of V3. “Sword AgencyPort’s product is the leading solution on the market and their team experience made them an easy choice. After the successful launch of our Workers Compensation product, we look forward to bringing this platform to our professional liability and commercial auto products as well.”
AgencyPortal™ is a state of the art, web-based platform that allows P&C insurance companies of all sizes to execute key business transactions quickly and easily with their agents, brokers, MGAs or policyholders. Mature and rigorously-tested, AgencyPortal™ is the leading, independent portal for the P&C market.
“Founded by seasoned executives from large insurance carriers who saw a market opportunity to bring superior service to the small and mid-sized market through the use of modern technology for distribution and processing, V3 Insurance Partners is an exciting new client for Sword AgencyPort,” said Scott Alfieri, EVP of Sales and Account Management for Sword Insurance. “The maturity of our product and the configuration toolkit enable us to help V3 to get their new products to market quickly and help V3 meet their goals for business growth.”
About Sword AgencyPort Sword
AgencyPort (www.sword-agencyport.com) is the leading provider of web-based solutions designed specifically for property and casualty insurers. Our agency portal and interface products make it easy for agents to transact business, enhance the underwriting process and extend the life of carrier’s existing policy administration systems. The result is a significant increase in process efficiency for both carriers and agents. The company was founded in 2000 and is headquartered in Boston, MA. In November 2009 AgencyPort was acquired by Sword Group (www.sword-group.com).
V3 Insurance Partners LLC is a specialty multi-line managing general underwriter offering programs
targeted at small to mid-sized companies. Its four major practice groups Transportation, Professional
Lines, Internet Workers Compensation and Property/Casualty are managed by industry leaders chosen for
their talent, creativity and integrity. “V3 stands for vision, value and virtue,” says president and CEO,
Susan Rivera. “We have a commitment to market leadership and are uniquely positioned to anticipate
clients’ needs, to offer quality service that exceeds expectations and to deliver genuine value based on
years of experience.”
Coverage may not be available in all jurisdictions and is subject to actual policy language.