Marsh’s Dovetail Technology Platform Attracts Ventus Risk Management
April 05 2016 - 11:59AM
Business Wire
Virtual Platform Helps Carriers Grow in Small
Commercial Market
Marsh Insurance Services Group, a division of Marsh LLC
dedicated to developing innovative solutions for the small
commercial and personal insurance markets, announced today that
Ventus Risk Management will use its Dovetail Platform to improve
agency service and accelerate growth in the small commercial
market.
The South Carolina-based managing general underwriter has
selected the Dovetail Platform to serve as its new virtual back
office (VBO) to electronically distribute, underwrite, and
administer small commercial insurance policies.
Dovetail’s advanced cloud-based technology platform and unique
business model offer carriers and their agents an efficient
electronic marketplace, including:
- A proprietary underwriting platform
that incorporates social media into the class and risk selection
process, resulting in more accurate premium;
- Real-time electronic proposal, binding
and policy administration;
- Multi-policy single billing; and
- Rapid deployment of new products and
expanded coverage lines.
“We are pleased that Ventus has selected Dovetail as its VBO
technology platform to help grow its small commercial book of
business,” said Steve Francis, CEO of Dovetail Insurance. “Dovetail
offers a unique, state-of-the-art platform that enables carriers
and agents to deliver faster, better service and an expanded
product selection to their small business clients.”
Marsh acquired Dovetail Insurance in 2015 as part of its
strategy to provide expanded services to the small and medium-sized
enterprise (SME) segment. Based in Columbia, South Carolina,
Dovetail is part of the Marsh Insurance Services Group, which also
comprises Marsh Private Client Services, Marsh Sponsored Programs,
and Torrent Technologies Inc.
“By combining Dovetail’s advanced technology platform with
Marsh’s industry-leading data, distribution, and access to
insurance capital, Marsh is transforming the small commercial
insurance market,” said Kevin Tobin, president and CEO of the Marsh
Insurance Services Group.
About Marsh
Marsh is a global leader in insurance broking and risk
management. Marsh helps clients succeed by defining, designing, and
delivering innovative industry-specific solutions that help them
effectively manage risk. Marsh’s approximately 30,000 colleagues
work together to serve clients in more than 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies
(NYSE:MMC), a global professional services firm offering clients
advice and solutions in the areas of risk, strategy, and people.
With annual revenue of US$13 billion and approximately 60,000
colleagues worldwide, Marsh & McLennan Companies is also the
parent company of Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; Mercer, a leader in talent,
health, retirement, and investment consulting; and Oliver Wyman, a
leader in management consulting. Follow Marsh on Twitter,
@MarshGlobal; LinkedIn; Facebook; and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20160405006430/en/
For Marsh:Sally Roberts, +1
303-952-9453sally.roberts@marsh.comorLee Ann Farwell, +1
212-345-1125leeann.farwell@marsh.com
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