VRC Insurance Systems - Products

Success in today’s competitive environment requires that you have an Advantage.  Velocity gives you that advantage by putting powerful systems that improve your company’s effectiveness, speed to market and knowledge.  Velocity unites workflow management, business intelligence technology, superior analytical tools and integration to enable better, smarter and faster performance. 

The Technology Advantage
The Work Flow Advantage
The Integration Advantage
The 3rd Party Advantage
The Knowledge Advantage
The Transition Advantage

The Technology Advantage

VRC unites workflow management, business intelligence technology, superior analytical tools and services to enable better, smarter and faster performance.  Velocity is powered by the Sun Microsystems Java™ Enterprise System, and combines Oracle’s database and application development capabilities. This winning combination results in an open system solution that is a reliable and flexible, with superior performance, and scalability from 10 to 1000’s of users.  Customers enjoy near 100% availability of all software features even during peak resource demands as reporting and backups.  

Velocity can be run by clients using almost any operating system that can run a modern web browser, making it the perfect choice for companies deploying over wide areas and supporting multiple client environments.  Powerful development tools enable VRC to create and innovate even further and in less time than our competitors using less capable and flexible systems.

Learn more about the Technology Advantage

The Work Flow Advantage

Experience unprecedented productivity gains from Velocity’s combination of sensible business work flow, third party integration and document management.  Interactive screens are set up to enhance user interaction with relevant look up data usually just a single click away.  Work flow is designed to correspond with your natural business process. Transactions naturally move from setting up a new account to taking an application, to generating quotations, creating binders and generating invoices.

The process is designed to minimize re-entry of data where ever possible.  The process to enter data and perform rate quotes on-line is seamlessly integrated with prospect tracking and analysis, customer service functions, full claims administration, comprehensive premium accounting, and enterprise financial reporting. Velocity delivers full administrative and servicing capabilities that enable clients to virtually service any line of business.

Velocity is ACORD standards’ compliant and allows entry and endorsement of the insurance information directly into ACORD form entry screens. The client-define workflow management feature directs service teams from task inception through completion. Velocity’s data architecture allows for maximum availability of data and ease of data extraction, which delivers user-defined executive dashboards, custom extract, and an extensive array of standard reports. These knowledge management capabilities support the need for timely, accurate financial and production reporting and enhanced risk management. The system is highly configurable, rapidly deployed and easily adaptable to address the ever-evolving dynamics of the insurance marketplace.

The power of these functionalities is further enhanced by employing Velocity’s Guided Production System.  This client-defined workflow management feature directs service teams from task inception through completion. This reduces errors, decreases training time and improves data entry turnaround.

Learn more about Work Flow.

The Integration Advantage

Velocity successfully incorporates comprehensive business functionality and user defined work flow capability with advanced data management techniques.  For example Velocity has the ability to enter data and perform rate quotes on-line, which is seamlessly integrated with prospect tracking and analysis, customer service functions, full claims administration, comprehensive premium accounting, and enterprise financial reporting. Velocity delivers flexible administrative and servicing capabilities that enable clients to service virtually any line of business.

The 3rd Party Advantage

Velocity is ACORD standards’ compliant and allows entry and endorsement of the insurance information directly into ACORD form entry screens. Velocity’s data architecture allows for maximum availability of data and ease of data extraction, which delivers user-defined executive dashboards, custom extract, and an extensive array of standard reports. These knowledge management capabilities support the need for timely, accurate financial and production reporting and enhanced risk management. The system is highly configurable, rapidly deployed and easily adaptable to address the ever-evolving dynamics of the insurance marketplace.

Document generation employs popular software programs such as Microsoft Word to create, modify and generate documents and templates, assuring great functionality and productivity as users need not learn new tools to accomplish these tasks.  The ability to exchange data using Excel spread sheets relieves the manual process from the burden of entering hundreds or thousands of individual exposures that often occurs with large commercial accounts.  Exports and ODBC connections to Excel and Access extends existing reports to create almost unlimited custom reports.

To learn more about our integration with 3rd Party Integration, review our partnership page.

The Knowledge Advantage

Transforming data into usable knowledge is vital if executives and management are going to make the right decisions.  Velocity has powerful reporting tools built right in and supports a number of 3rd party solutions that further extend access of your data into meaningful knowledge. Learn more about Reporting.

The Transition Advantage

Bringing change to your insurance organization always involves helping people understand, learn and become self-reliant.  VRC’s experienced trainers support your process every step of the way, at the pace that best suits your needs.  The support never ends because we are here to be your technology partner.  We are prepared to help you with data conversion, system conversion, hardware setup and training.  With VRC’s Transition Team on the job, your business is in good hands. More on the Transition Advantage.