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April 23, 2020

Vertafore, Aon Edge partner to streamline process for residential flood quotes

Vertafore has entered into a partnership with Aon Edge Private Flood Insurance to integrate EZ Flood into its personal lines comparative rater, PL Rating.

The partnership will allow independent agents to quickly quote private residential flood coverage and give their clients various coverage options.

Integrating EZ Flood option into PL Rating provides agents with more flood coverage options for their clients, in addition to the National Flood Insurance Program (NFIP).

Previously, independent agents lacked direct access to the private flood market.

While using PL Rating for homeowners’ quotes, agents will also gain access to private flood insurance rates.

Aon Edge Private Flood Insurance president John Dickson said: “We are excited to partner with Vertafore.

“This new relationship allows agents to more easily access flood insurance that works, in turn allowing them to more capably protect property owners from devastation due to flood. The pairing of Vertafore’s technology with Aon Edge’s EZ Flood product will make American communities more resilient.”

Apart from issuing streamlined and efficient workflows for agents, the partnership brings in additional options and potentially lower deductibles for insurance clients.

It also results in cross-sell and up-sell opportunities for agencies. This will enable them to quickly quote flood and homeowners coverage at the same time.

Vertafore rating and connectivity vice-president Dave Acker said: “Integrating Aon Edge’s EZ Flood platform into the PL Rating workflow makes it easier for our agents to provide their customers with more options and coverages while mitigating E&O exposure.

“The premium returned is a bindable rate that accelerates the ability for our agents to sell this valuable coverage more effectively.”

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