Insurance technology leader leverages AWS to
accelerate its pace of innovation, unlock data-driven insights, and
automate insurance processes in the cloud
Today, Amazon Web Services, Inc. (AWS), an Amazon.com company
(NASDAQ: AMZN), announced that Vertafore, a leading software and
data provider to the insurance industry, is migrating its
business-critical products and workloads to the world’s leading
cloud and has selected AWS as its standard for artificial
intelligence and machine learning workloads. Vertafore is already
running key customer-facing workloads on AWS, including data and
analytics solution RiskMatch and agency management system and
comparative rating platform QQ. This move will enable Vertafore to
innovate on top of the most reliable infrastructure and leverage
the breadth and depth of AWS to improve workflows and provide
insights that insurers and underwriters can use to better serve
their customers. Vertafore is working with the Amazon ML Solutions
Lab to build new and enhance existing products using AWS’s machine
learning technologies. For example, Amazon Textract is being
leveraged to help Vertafore extract text and data from virtually
any document, and Amazon SageMaker—a fully managed AWS machine
learning service—is enabling Vertafore to build, train, and deploy
machine learning models that will automate policy checking
capabilities for customer service representatives.
“With more than half a million insurance professionals
throughout the United States using Vertafore solutions, our mission
is to empower the insurance industry by providing exceptional
service and powerful technology to help our customers build strong,
trusted relationships with their customers and grow their
businesses,” said Amy Zupon, CEO at Vertafore. “We aim to enable
our customers to innovate and efficiently scale their businesses
through deeper access to information and insights, while
maintaining compliance and the highest levels of security. After
reviewing several potential cloud providers, we chose AWS because
they deliver the leading portfolio of cloud services and advanced
technologies along with the ingenuity, security, reliability, and
agility required to address the insurance industry’s biggest
challenges.”
“Leaders in the insurance industry like Vertafore are adopting
AWS to build more quickly, innovate more easily for their
customers, save money, and operate more efficiently,” said Mike
Clayville, Vice President, Worldwide Commercial Sales at AWS. “With
unmatched capabilities, security, and performance, AWS was a
natural choice for Vertafore as they look not only to scale their
existing significant business, but also create the best experience
for their customers.”
About Amazon Web Services
For 13 years, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud platform. AWS offers over
165 fully featured services for compute, storage, databases,
networking, analytics, robotics, machine learning and artificial
intelligence (AI), Internet of Things (IoT), mobile, security,
hybrid, virtual and augmented reality (VR and AR), media, and
application development, deployment, and management from 61
Availability Zones (AZs) within 20 geographic regions, spanning the
U.S., Australia, Brazil, Canada, China, France, Germany, India,
Ireland, Japan, Korea, Singapore, Sweden, and the UK. Millions of
customers including the fastest-growing startups, largest
enterprises, and leading government agencies trust AWS to power
their infrastructure, become more agile, and lower costs. To learn
more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Customer reviews,
1-Click shopping, personalized recommendations, Prime, Fulfillment
by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets,
Fire TV, Amazon Echo, and Alexa are some of the products and
services pioneered by Amazon. For more information, visit
amazon.com/about and follow @AmazonNews.
About Vertafore
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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