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March 29, 2015 12:49 PM ET

Internet Software and Services

Company Overview of Vertafore, Inc.

Company Overview

Vertafore, Inc. develops and delivers cloud-based insurance software and services for insurance agencies, carriers, and MGA markets. It offers Vertafore Agency Platform, which provides customer and policy management, producer licensing, reference materials, and real-time rating solutions; Enterprise Suite, a range of connected insurance tools for large agencies, general agents, and national brokers to simplify workflow and control operating costs for personal and commercial P and C, and group medical; and Insurance Management System Software to enable insurance businesses of various types and sizes to automate their processes. The company also provides content management and workflow systems...

11724 NE 195th Street

Bothell, WA 98011

United States

Founded in 1969

Phone:

425-402-1000

Fax:

425-402-9569

Key Executives for Vertafore, Inc.

Chief Financial Officer and Senior Vice President
Senior Vice President of Engineering & Operations
Chief Architect and Vice President
Senior Vice President of Organizational Capability
Senior Vice President and General Manager of PLM & Information Business
Compensation as of Fiscal Year 2014.

Vertafore, Inc. Key Developments

Vertafore Announces Partnership with Keystone Insurers Group

Vertafore announced they have entered into a preferred partner program with Keystone Insurers Group, providing the group a suite of solutions including agency management systems, ratings systems, and real-time connectivity to carriers. Partnering with Keystone allows Vertafore the opportunity to share cutting edge technology with leading groups of independent insurance experts.

Alex Lintner Steps Down from Vertafore as President & CEO and its Board of Directors

Vertafore announced that Alex Lintner has stepped down from his role as President & CEO of Vertafore as well as from the Vertafore Board of Directors. The board has engaged the assistance of a leading executive search firm to retain a permanent CEO. In the interim, Tim Dunn will dedicate additional time with the leadership team to facilitate decision-making and communication. Dunn is a Vertafore board member and an Operating Partner with Vertafore’s principal shareholder, TPG Capital.

Vertafore Enhances Acclaimed BenefitPoint Solution for Modern Agencies to Seamlessly Adapt to Healthcare Reform and Drive Benefits Business Growth

Vertafore introduced the enhancement of its longstanding solution by enhancing ease of use, creating efficiencies in workflow and continuing support for healthcare reform compliance and data capture. With these capabilities, BenefitPoint helps customers adapt to requirements in the Affordable Care Act, streamline benefit plan updates, and allows customers to integrate with Sagitta®, AMS360, the Vertafore Agency Platform, and other non-Vertafore management systems. With integration to existing P&C systems, Vertafore customers have a single view of all agency revenue for all lines of business. Enhancements to BenefitPoint include: Homepage & Renewal Calendar: BenefitPoint quickly organizes all pending workflow activities and associated follow-ups. BenefitPoint highlights all activity on the homepage dashboard, providing additional filtering options to help brokers identify top priorities and next steps. Revenue Tracking: With fluctuations in enrollment, payments in the benefits world can be hard to track. BenefitPoint offers sophisticated commission tracking and e-statements to reconcile carrier payments, ensuring the agency is paid all revenue they are owed, allowing them to accurately pay commissions. Carrier Requests: BenefitPoint gives agencies an intuitive and consistent navigation flow and RFP tools to gather more options and negotiate with carriers to create the best rates and plans. Healthcare Reform Alignment. BenefitPoint supports clients with Healthcare reform changes, including tracking metal levels of plans and member-based rates.

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