InsCipher's Connect™ Surplus Lines system is officially introduced to the AIM community
(Pleasant Grove Utah, August 20th, 2020) Today InsCipher, a Utah-based software company specializing in surplus lines filing management, announced it has joined Vertafore’s Orange Partner Program. The partnership kicks off with a Vertafore AIM™ integration. With the new integration, AIM users’ policy data will transfer directly into InsCipher’s Connect™ system, for easy surplus lines filing and reporting.
InsCipher currently has API batch-file capability to 13 states, including California, Texas, New York, and Florida. Several more states will be added in the coming months. InsCipher hosts the state surplus lines portals systems for both Utah (slaut.org) and Idaho, and Connect™ users are therefore linked to those states automatically.
“This partnership represents a milestone for InsCipher in bringing our one-of-a-kind-solution to the E&S sector,” stated Daniel Steadman, InsCipher’s Vice President. He continues: “Connect™ provides the E-file features that AIM users need while enhancing their surplus lines tax management as a whole.” Steadman notes that state E-filing is only one part of InsCipher’s functionality. “InsCipher’s goal is to simplify surplus lines management for states and agencies. Working with Vertafore helps us achieve that goal.”
Connect’s expanded capabilities include tools to automate surplus lines tax filing and reporting. As policies are uploaded from AIM into Connect™, the system automatically creates a filing and reporting task schedule based on policy data, taking into account each states’ specific requirements. Connect™ helps prepare filings for submission, with built-in surplus lines tax calculation and reconciliation tools. Furthermore, as a cloud-based system, Connect™ allows companies to centralize filing activities across multiple offices and sub-agencies.
Connect’s™ state rules, rates, dates, and requirements are kept up to date by InsCipher’s full-compliance team, who monitor changes at the state level and update the system accordingly.
“We partnered with InsCipher because we share a mutual goal of making Insurance management and reporting easier for everyone,” stated Doug Mohr, Vertafore’s vice president of industry relations & partnerships.“ The Connect™ platform is a strategic addition to our integrated tool offerings, which adds to our already impressive group of Vertafore Orange Partners. It was important for Vertafore to find a partner that provides a high level of convenience and dependability to our customers. We found that in InsCipher.”
For 50 years, Vertafore, the leader in modern insurance technology, has built and supported superior Insurtech solutions to connect every point of the distribution channel. Vertafore’s agency management, ratings, regulation, compliance, data and analytics, and connectivity products streamline workflows, improve efficiency and drive productivity for more North American insurance professionals than any other provider – including more than 20,000 agencies, over 1,000 carriers and 23 state governments. Through a continual focus on operational excellence, development of innovative solutions, and alignment with key industry partners, Vertafore is leading the way for customers of all sizes by delivering results that make a difference. For more information about Vertafore, visit www.vertafore.com.
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InsCipher LLC seeks to combine the best of insurance compliance with insurance technology to decipher the complex world of surplus lines tax filings. InsCipher offers a variety of surplus lines products, from full-service surplus lines filing services to in-house management software. InsCipher is the official software provider for the Surplus Lines Association of Utah (slaut.org) and the Surplus Line Association of Idaho (SLA Idaho).