Velocity

Velocity

Insurance agency management system

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Velocity Overview

Velocity - from VRC Insurance Systems - is a comprehensive insurance solution designed to help insurance agencies configure and control workflows for their daily operations. The solution provides an all-in-one insurance solution for the property & casualty market and has been designed to meet the business needs of MGAs (Managing General Agents), MGUs (Managing General Underwriters), program administrators, wholesalers, small carriers, reinsurers and speciality retailers.

An end-to-end agency management system, Velocity provides an extensive set of features integrated into one application. These include a built-in rating engine, policy issuance, direct portal interface with Velocity application (only 1 database), endorsements, renewals, and claims.

Velocity's core functionality includes: policy management & administration; claims management; custom applications; built-in rating; portal interface; accounting; CRM; and client self service. Velocity is an ideal solution for companies that offer non-admitted products requiring custom applications, issuance on-demand, built-in rating, and customizable reporting. Customers include Hub International Northeast, Clear Risk Solutions, Orchid Underwriters and Brit Global Speciality.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription

Devices

Business size

S
M
L

Markets

Canada, United States

Supported Languages

English

Velocity Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription

Contact Velocity for pricing information.

Velocity Features

  • Activity Dashboard
  • Automatic Reminders
  • Client Portal
  • Quote Management

  • API
  • Accounting Integration
  • Activity Tracking
  • Automatic Notifications
  • Billing & Invoicing
  • Calendar Management
  • Customer Database
  • Customizable Reporting
  • Data Import/Export
  • Electronic Payments
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Reporting & Statistics
  • Search Functionality
  • Third Party Integration

Additional information for Velocity

Key features of Velocity

  • ACORD forms
  • AL3 downloads
  • Broker / agent portal
  • Budgeting & forecasting
  • Business specific tools
  • Cancellation tracking
  • Captive brokerage
  • Captive sales force
  • Carrier specific applications
  • Carrier upload
  • Casualty insurance
  • Claims management
  • Claims tracking
  • Commercial lines
  • Commercial lines
  • Comparative insurance rating
  • Comparative insurance rating
  • Contact database
  • Contact management
  • Customer portal
  • Customer service integration
  • Dashboard interface
  • Document management
  • Document management
  • Drag & drop attachments & emails
  • Email templates
  • Estimates
  • Financial reporting
  • General ledger
  • Insurance rating
  • Knowledge management
  • Lloyds Bordereau reporting
  • MGA administration
  • MGA administration
  • Mass solicitations & renewals
  • Multi-Line industries
  • Multiple line rating
  • Multiple product tracks
  • Online application acceptance
  • Online certificates
  • Policy generation
  • Policy issuance
  • Policy management
  • Policy processing
  • Project workflow
  • Prospecting
  • Quotes
  • Rating engine
  • Reinstatement tracking
  • Reminders
  • Renewal management
  • Sales reporting
  • Self service portal
  • Single data entry
  • Underwriting management
  • Wholesale program

Benefits

  • Velocity's built-in rating enables the internalization of underwriting rules. Rating information can be exposed to anyone on the web.

  • The software's 'online certificates' feature provides an access point for insurance agents, brokers and clients to input, print, and manage insurance certificates.

  • Workflows can be automated and duplicate data entry eliminated with Velocity's various functionalities, scripting capabilities, and architectural design.

  • Velocity is a soft-coded, parameter driven solution that allows insurance agencies to configure and control their own workflows.

  • VRC's SaaS solution enables companies to eliminate the cost of servers and maintenance

  • Velocity FAQs

    Below are some frequently asked questions for Velocity.

    Q. What type of pricing plans does Velocity offer?

    Velocity offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Not Available

    Contact Velocity for pricing information.

    Q. What are the main features of Velocity?

    Velocity offers the following features:

    • ACORD forms
    • AL3 downloads
    • Broker / agent portal
    • Budgeting & forecasting
    • Business specific tools
    • Cancellation tracking
    • Captive brokerage
    • Captive sales force
    • Carrier specific applications
    • Carrier upload
    • Casualty insurance
    • Claims management
    • Claims tracking
    • Commercial lines
    • Commercial lines
    • Comparative insurance rating
    • Comparative insurance rating
    • Contact database
    • Contact management
    • Customer portal
    • Customer service integration
    • Dashboard interface
    • Document management
    • Document management
    • Drag & drop attachments & emails
    • Email templates
    • Estimates
    • Financial reporting
    • General ledger
    • Insurance rating
    • Knowledge management
    • Lloyds Bordereau reporting
    • MGA administration
    • MGA administration
    • Mass solicitations & renewals
    • Multi-Line industries
    • Multiple line rating
    • Multiple product tracks
    • Online application acceptance
    • Online certificates
    • Policy generation
    • Policy issuance
    • Policy management
    • Policy processing
    • Project workflow
    • Prospecting
    • Quotes
    • Rating engine
    • Reinstatement tracking
    • Reminders
    • Renewal management
    • Sales reporting
    • Self service portal
    • Single data entry
    • Underwriting management
    • Wholesale program

    Q. Who are the typical users of Velocity?

    Velocity has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does Velocity support?

    Velocity supports the following languages:

    English

    Q. What type of pricing plans does Velocity offer?

    Velocity has the following pricing plans:

    Subscription

    Q. Does Velocity support mobile devices?

    We do not have any information about what devices Velocity supports

    Q. What other apps does Velocity integrate with?

    Velocity integrates with the following applications:

    Nobly, Workato

    Q. What level of support does Velocity offer?

    Velocity offers the following support options:

    FAQs, Video Tutorials