About Velocity

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.

Key benefits of Velocity

  • 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

  • Devices

    Business size

    S M L

    Features

    Total features of Velocity: 48

    • Activity Dashboard
    • Billing & Invoicing
    • Broker / Agent Portal
    • Budgeting/Forecasting
    • Cancellation Tracking
    • Carrier Upload
    • Certification & Licensing
    • Claims Management
    • Claims Tracking
    • Client Portal
    • Commercial Lines
    • Commission Management
    • Contact Database
    • Contact Management
    • Customer Portal
    • Document Management
    • Drag & Drop
    • Email Templates
    • Estimating
    • For Casualty Insurance
    • For Medical Malpractice
    • For Personal Insurance
    • For Professional Liability
    • General Ledger
    • Insurance Policy Management
    • Insurance Rating
    • MGA Administration
    • Multi-State
    • Multiple Line Rating
    • Partner Portal
    • Policy Generation
    • Policy Issuance
    • Policy Management
    • Policy Processing
    • Print Management
    • Project Workflow
    • Property & Casualty
    • Prospecting Tools
    • Quotes/Estimates
    • Rating Engine
    • Reinstatement Tracking
    • Reminders
    • Renewal Management
    • Sales Reports
    • Scheduled / Automated Reports
    • Self Service Portal
    • Single Data Entry
    • Underwriting Management

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    Reviews

    Overall rating

    4,1 /5
    (15)
    Value for Money
    4,1/5
    Features
    4,1/5
    Ease of Use
    3,5/5
    Customer Support
    4,4/5

    Already have Velocity?

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    Showing 5 reviews of 15
    Verified Reviewer
    Overall rating
    • Industry: Insurance
    • Company size: Self Employed
    • Used Monthly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Great Company

    Reviewed on 2019/01/24

    I look at velocity for business quotes. I always have them quote it and I love I get to work with a...

    I look at velocity for business quotes. I always have them quote it and I love I get to work with a company that’s open to different types of business insurance.

    Pros

    The quickness! When you are looking for a great business quote I always look first at velocity.

    Cons

    Well, maybe if we could get a business quote approved sooner but I get it’s a process.

    Dawn M.
    Overall rating
    • Industry: Insurance
    • Company size: 11-50 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Functionality

    Reviewed on 2016/10/13

    I've been with my company now for close to 3 years so I'm fairly new to Velocity but my experience...

    I've been with my company now for close to 3 years so I'm fairly new to Velocity but my experience thus far has been excellent. The pros to the system would include Velocity's ability to maintain a database as well as the accounting functionality which I'm happy with because my previous employer had two different systems for these two functions. I've also been impressed with VRC's timely response and attention when I have questions. I rated the ease of use with 3 stars because I would like to see more hyperlinks from one screen to another allowing for easier workflow.

    Overall my experience with VRC and Velocity has been excellent but as with most technology there are some learning curves to the process.

    Pros

    Its ability to grow as our company grows and its ability to maintain our database and our accounting information in one place.

    Cons

    The flow from one screen to another.

    Thomas B.
    Overall rating
    • Industry: Computer Software
    • Company size: 11-50 Employees
    • Used Other for Free Trial
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 0.0 /10

    Waste of Time Had to go back

    Reviewed on 2018/08/03

    Pros

    The price was good but ultimately this all wound up costing me extra money and a lot of lost time.

    Cons

    Bad company. I had a couple of properties that i switched over and they were both canceled and i had to go back to the original company. Ultimately it was a huge waste of time.

    Amy B.
    Overall rating
    • Industry: Insurance
    • Company size: 201-500 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Would Highly Recommend

    Reviewed on 2016/10/12

    We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our...

    We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our changing needs! VRC has continually released upgrades and updates constantly improving the product per our users needs. Since using VRC we have not had to turn down a request from our owners to perform any task within our Agency. I would highly recommend this product to any one needing a flexible platform.

    Pros

    The flexibility of the product to perform the functions I need.

    Cons

    The fact that we can't make the screen bigger

    Janice M.
    Overall rating
    • Industry: Insurance
    • Company size: 51-200 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    First time user

    Reviewed on 2016/10/13

    My company doesn't do a lot of the accounting processes. As I learn new ways to efficiently...

    My company doesn't do a lot of the accounting processes. As I learn new ways to efficiently processes within they system, I share them with my staff in an effort to make our department more proficient within the system. Each year I learn more ways to utilize the program.

    Pros

    The ability to modify screens to work for department purposes.

    Cons

    That the system processes without being in balance such as cash, general ledger, etc

    Showing 5 reviews of 15 Read all reviews

    Velocity FAQs

    Below are some frequently asked questions for Velocity.

    Velocity offers the following pricing plans:

    • Starting from:
    • Pricing model: One Time License
    • Free Trial: Not Available

    Contact Velocity for pricing information.

    We do not have any information about Velocity features

    Velocity has the following typical customers:

    2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

    We do not have any information about what languages Velocity supports

    Velocity supports the following devices:

    We do not have any information about what integrations Velocity has

    Velocity offers the following support options:

    FAQs/Forum

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