Tokio Marine HCC partners with Vertafore

Surety Group , headquartered in Los Angeles, and part Tokio Marine HCC , has announced a partnership with Vertafore , to streamline how agents and brokers transact surety bond business online.

The partnership between Tokio Marine HCC – Surety Group and Vertafore’s agency management system, AMS360, developed technology that eliminates the need for agents and brokers to re-key data into their own systems. This integration allows agents and brokers to download bond information from Tokio Marine HCC into AMS360 for billing and administration via an automated daily export of new transactions, renewals, or a full differential export of active customers and surety bonds.

“Partnerships like Tokio Marine HCC are a prime example of Vertafore’s purpose of automating and simplifying the insurance distribution lifecycle. We are excited for the value this integration can bring to our agencies.” – Doug Mohr, Vertafore Vice President of Industry Relations and Partnerships.

“The Surety industry has often been slow to adopt digital enhancements, but Tokio Marine HCC constantly strives to make the issuance, renewal, and management of surety bonds as efficient as possible. The new enhancement allows agents and brokers to seamlessly extract all the bond and customer data they need, saving significant amounts of time and cost. We are determined to make the trading experience with Tokio Marine HCC – Surety Group as efficient as possible through technology that delivers value to our agency and broker partners. We will continue to invest in our tech capabilities to pass on the savings to our agents and brokers and their clients.” – Adam Pessin, President, and CEO of Tokio Marine HCC – Surety Group.