Entertainment Risk Selects ClarionDoor’s Insured Rating
Cloud implementation will support growing program business and minimize infrastructure costs.
CARPINTERIA, California – July 30, 2014 – ClarionDoor, LLC (ClarionDoor), a leading provider of hosted rating software to the insurance industry, is pleased to announce Entertainment Risk (ER), a specialty insurance provider focusing on providing liability coverage to businesses in the entertainment and hospitality industry consisting largely of restaurants, bars, taverns, nightclubs and live music in the U.S., has selected Insured Rating to handle end-to-end rating for the company’s program.
Under this agreement, ClarionDoor will implement a rating solution for the general liability, liquor liability, and assault and battery insurance products within the program. The streamlined platform will also provide rating of endorsements and renewals, calculation of surplus lines taxes for all fifty states, and a data export of account information to be used by Entertainment Risk underwriters for in-depth risk analysis.
“As an early stage company, we were looking for a rating partner that could provide a total turnkey solution supported by the latest technology,” said Ted Nolan, chief executive officer of Entertainment Risk. “Because Insured Rating is a fully-hosted, cloud-based solution, it eliminated the expenses normally associated with purchasing servers, database licensing, and the IT resources needed for daily back-up and disaster recovery. This allows Entertainment Risk to do what we do best, operate in niche markets with complex risks that require true underwriting expertise.”
ClarionDoor’s Insured Rating is a modern rating engine platform which operates, performs, and scales exclusively in the cloud. The technology platform behind Insured Rating makes available all the tools and services necessary for rating any insurance line of business, algorithm, or transaction type. Insured Rating also provides the back-end functions required to deliver and maintain successful production implementations, including testing tools, what-if functionality, release tools, usage reporting and well-documented API resources, features that are critical to Entertainment Risk as the company rolls out future insurance programs.
“Entertainment Risk is a welcome addition to the rapidly growing ClarionDoor customer base,” said Patrick M. McCall, chief sales officer at ClarionDoor. “Entertainment Risk’s selection of ClarionDoor adds to our momentum in the program business market, a niche well-suited for Insured Rating. Entertainment Risk has an aggressive plan for developing and implementing future offerings, and we look forward to a long and strategic partnership.”
ClarionDoor delivers enterprise-class, web-based rating and quoting solutions to insurance organizations across all lines of business via the company’s flagship product, Insured Rating. By embracing cloud technologies, industry standards and a Software-as-a-Service (SaaS) delivery model, ClarionDoor’s experienced team of insurance and technology professionals helps insurance organizations quickly generate accurate, real-time insurance quotes and on-demand reports via Insured Rating’s integrated analytics capabilities. For more information about ClarionDoor or Insured Rating, please contact Patrick McCall at 570.645.5050 or firstname.lastname@example.org, or visit the company’s website at www.clariondoor.com.
About Entertainment Risk
Entertainment Risk is an insurance industry specialist, focusing on providing market leading products and services to bars, nightclubs and music venues. The company’s primary commitment is to provide best in class underwriting, risk management and claims services exclusively through highly specialized brokers who focus in the entertainment sector. Ultimately, we win because we listen, we innovate, we execute. Our expertise is a result of the relationships with our customers and our experience and understanding of your business. This means we can recognize the risks and liability claims associated with these types of establishments and are adept at handling any such claim. For more information about Entertainment Risk, please visit the company website at www.entertainmentrisk.com.