Velocity
About Velocity
Velocity - from VRC Insurance Systems - is a comprehensive insurance solution designed to help insurance agencies configure and control workflows for their daily operations. The solution provides an all-in-one insurance solution for the property & casualty market and has been designed to meet the business needs of MGAs (Managing General Agents), MGUs (Managing General Underwriters), program administrators, wholesalers, small carriers, reinsurers and speciality retailers.
An end-to-end agency management system, Velocity provides an extensive set of features integrated into one application. These include a built-in rating engine, policy issuance, direct portal interface with Velocity application (only 1 database), endorsements, renewals, and claims.
Velocity's core functionality includes: policy management & administration; claims management; custom applications; built-in rating; portal interface; accounting; CRM; and client self service. Velocity is an ideal solution for companies that offer non-admitted products requiring custom applications, issuance on-demand, built-in rating, and customizable reporting. Customers include Hub International Northeast, Clear Risk Solutions, Orchid Underwriters and Brit Global Speciality.
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- Industry: Insurance
- Company size: Self Employed
- Used Monthly for 6-12 months
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- Ease of Use
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- Likelihood to recommend 10.0 /10
Great Company
Reviewed on 24/01/2019
I look at velocity for business quotes. I always have them quote it and I love I get to work with a...
I look at velocity for business quotes. I always have them quote it and I love I get to work with a company that’s open to different types of business insurance.
Pros
The quickness! When you are looking for a great business quote I always look first at velocity.
Cons
Well, maybe if we could get a business quote approved sooner but I get it’s a process.
- Industry: Insurance
- Company size: 11–50 Employees
- Used Daily for 2+ years
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- Likelihood to recommend 10.0 /10
Functionality
Reviewed on 13/10/2016
I've been with my company now for close to 3 years so I'm fairly new to Velocity but my experience...
I've been with my company now for close to 3 years so I'm fairly new to Velocity but my experience thus far has been excellent. The pros to the system would include Velocity's ability to maintain a database as well as the accounting functionality which I'm happy with because my previous employer had two different systems for these two functions. I've also been impressed with VRC's timely response and attention when I have questions. I rated the ease of use with 3 stars because I would like to see more hyperlinks from one screen to another allowing for easier workflow.
Overall my experience with VRC and Velocity has been excellent but as with most technology there are some learning curves to the process.
Pros
Its ability to grow as our company grows and its ability to maintain our database and our accounting information in one place.
Cons
The flow from one screen to another.
- Industry: Computer Software
- Company size: 11–50 Employees
- Used for Free Trial
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- Likelihood to recommend 0.0 /10
Waste of Time Had to go back
Reviewed on 3/08/2018
Pros
The price was good but ultimately this all wound up costing me extra money and a lot of lost time.
Cons
Bad company. I had a couple of properties that i switched over and they were both canceled and i had to go back to the original company. Ultimately it was a huge waste of time.
- Industry: Insurance
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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- Likelihood to recommend 6.0 /10
Velocity Review
Reviewed on 20/08/2018
Pros
They have a built in rating, self service portals for the clients, you can custom apps as well.
Cons
The ease of use is not that helpful. The flow from screen to screen is challenging, you cant make the screen bigger if needed, However, once you get use to this, it works pretty well.
- Industry: Insurance
- Company size: 201–500 Employees
- Used Daily for 2+ years
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- Likelihood to recommend 8.0 /10
Would Highly Recommend
Reviewed on 12/10/2016
We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our...
We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our changing needs! VRC has continually released upgrades and updates constantly improving the product per our users needs. Since using VRC we have not had to turn down a request from our owners to perform any task within our Agency. I would highly recommend this product to any one needing a flexible platform.
Pros
The flexibility of the product to perform the functions I need.
Cons
The fact that we can't make the screen bigger
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Velocity FAQs
Below are some frequently asked questions for Velocity.Q. What type of pricing plans does Velocity offer?
Velocity offers the following pricing plans:
- Starting from: US$10,000.00/one-time
- Free Trial: Not Available
Contact VRC for pricing information.
Q. Who are the typical users of Velocity?
Velocity has the following typical customers:
2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Velocity support?
Velocity supports the following languages:
English
Q. Does Velocity support mobile devices?
Velocity supports the following devices:
Q. What other apps does Velocity integrate with?
We do not have any information about what integrations Velocity has
Q. What level of support does Velocity offer?
Velocity offers the following support options:
FAQs/Forum
Related categories
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Insurance Agency Software