LAS VEGAS, Nevada. – January 15, 2013 –Nevada General Insurance Company – Nevada’s largest domiciled auto insurance company, and Multico Rating Systems, a leading provider of software and services to the insurance industry – have released a new insurance Point-of-Sale (POS) solution using Multico’s netPOSitive® product. The introduction of the new POS system provides an efficient process for appointed agents to rate and submit new business, while empowering consumers with the added convenience of pricing and applying for coverage online- 24 hours a day.
Nevada General Insurance chose Multico’s POS solution to replace its current rating and submission process to improve the ease of doing business for its appointed agents and shorten policy issuance cycle times. The new POS system boasts powerful new automation and validation tools, a complete forms library and integration to Nevada General’s policy administration system. Rate generation has also been tailored to support the carrier’s unique product offering by allowing users to rate Automobile, Motorcycle, and Recreational Vehicles together on a single policy.
“Multico’s netPOSitive® solution moves us to the next level in ease of doing business,” said Jim Schallert, President at Nevada General Insurance Company. “Streamlining our rating and new business submission tools with a solid platform and a proven vendor made it an easy decision for us to select Multico. Their insurance knowledge and professionalism gave us confidence that we would get a high quality, scalable product, and they delivered on that promise.”
The consumer-facing version of the POS system guides the user through the quote workflow using a more simplified interview process. The quote engine gives consumers the ability to easily enter their information one time, compare coverages, and buy a policy online on Nevada General’s agency website. At their option, consumers can also request an agent to contact them or call to speak to a representative.
“Multico’s netPOSitive platform provides consumers with a convenient rating and submission tool that allows them to be more comfortable with the quoting process and more likely to take action,” said Ted Venter, VP of Products and Marketing at Nevada General Insurance Company. “We’ve already seen a significant rise in the number of policies written in just the first few weeks of implementation.”
Charles Anderson, President of Multico Rating Systems also commented on the roll-out of the new Point-of Sale System.“Nevada General’s implementation of Multico’s netPOSitive® point-of sale system is an outstanding example of a visionary company supplying optimal tools for their agency force to write business. We’re proud to work with a company as innovative and progressive as Nevada General Insurance Company.”
About Nevada General Insurance Company
Nevada General Insurance Company, a subsidiary of Enumclaw Insurance Group, is Nevada’s largest domiciled auto insurance company. Headquartered in Las Vegas, Nevada, Nevada General markets its products through its captive agency, Auto Insurance America. The agency has grown to become one of the largest in the specialty auto insurance market. Today, Nevada General underwrites auto, motorcycle and RV insurance policies in Arizona, New Mexico, and Nevada through 16 Auto Insurance America offices and AutoInsurance America.com. More information can be found atwww.nvgeneral.com.
About Multico Rating Systems
Multico Rating Systems, headquartered in Seattle, Washington has been a pioneer in the insurance software industry since 1986. Multico specializes in point of sale systems for insurance carriers and premium comparison and consumer access quoting for independent agents. More information can be found at www.multico.com.