Vortex Unveils Fully Automated Weather Insurance Portal
Vortex Unveils Fully Automated Weather Insurance Portal
According to a statement from Vortex Weather Insurance, a brand-new, fully automated weather insurance portal will be added to the company’s parametric weather index insurance services.
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Event planners and insurance brokers will be able to quickly quote, bind, and insure outdoor events online thanks to the company’s new Weather Insurance Portal, an industry-leading digital insurance platform.
The site will expedite the parametric weather insurance underwriting process by providing a streamlined user experience from logging in to immediately binding the policy.
All that event organizers will have to do is just simply enter their business name, event location, date and time(s), rainfall threshold, and the amount of revenue to insure and the policy will be generated almost immediately.
Vortex Unveils Fully Automated Weather Insurance Portal
At the same time, users will have around-the-clock access to creating quotes, tracking rates, and binding and activating policies on the spot. Claims and settlements will also be viewable in the system too.
Furthermore, insurance brokers who also add Vortex Weather Insurance to their portfolio will also benefit from access to the Portal. Within the system, brokers can easily clone quotes for repeat events and generate documentation instantly.
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Andy Klaus, CPCU, Vortex Vice President of Business Development, commented on the launch of the portal: “We’re excited to introduce the Portal and its technology to insurance providers. The Portal offers these providers and their client’s parametric rain insurance policies from quote to binding in a matter of minutes. This is a massive leap forward for the insurtech industry!”
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