WORCESTER, Mass., Nov. 1 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc., a leading super regional property and casualty company, today
announced it will enable its commercial lines agent partners to do business
more efficiently using the SeaPass Hub(TM), a platform that leverages existing
systems to automatically interact with one another, conduct successful
transactions and easily market total solutions to clients.
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Through a single transaction that takes place directly from an agent's
agency management system, these enhanced capabilities will help The Hanover's
agent partners to electronically upload client data, obtain real-time quotes,
generate proposals, and issue policies for their customers purchasing business
owners' policies, commercial auto policies, commercial umbrella policies and
workers compensation policies-faster than ever. In addition, agents will gain
efficiencies through the ability to process quotes and proposals directly
through their agency management systems without having to re-enter the data
into The Hanover's proprietary point-of-sale system.
"We are pleased to partner with SeaPass as part of our strategy to provide
our agent partners with everything they need to achieve success in the small
commercial market," said Lisa Wrolstad, vice president of commercial lines
business development at The Hanover. "Our enhanced point-of-sale system and
innovative products are designed with a focus on ease of doing business for
our agents and their clients. This ability to easily process real-time
quotes, proposals and issue policies without leaving their agency management
system enhances service levels, ultimately making our agents more efficient
and profitable in the small business marketplace."
At the same time, The Hanover's agent partners, who subscribe to the
SeaPass Multi-Carrier Hub platform will now be able to obtain quotes and
proposals from The Hanover as well as other carriers as part of a single
workflow for multiple lines of business.
"With SeaPass, The Hanover will enable its agents to further simplify the
quoting process for their commercial lines business, positioning the company
as a leading ease-of-doing-business carrier-one that recognizes that in
today's market environment, commercial lines clients demand quick quotes,"
said Eric Gewirtzman, President and CEO of SeaPass. "With this in mind, this
approach to quoting adds value among The Hanover's appointed independent
agents, helping them to increase revenues and the level of service they
provide to their clients."
The Hanover's competitive small commercial product suite includes the
Avenues(TM) business owners' policy, Avenues(TM) commercial auto, commercial
umbrella, workers compensation, bond and marine products-all of which are
complemented by talented, locally-based small commercial sales managers and
underwriters.
For more information on the Avenues(TM) product suite, agents can contact
one of The Hanover's local branch offices or visit the company at
http://www.hanover.com. Customers interested in purchasing insurance coverage
from The Hanover should contact their local independent insurance agent. You
can find one at http://www.hanover.com by clicking on "Find an Agent."
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 40 property and casualty insurers in the United States.
For more information, please visit http://www.hanover.com.
About SeaPass Solutions
SeaPass Solutions, founded in 2000, is headquartered in New York City. The
company develops and markets solutions that enable insurance carriers, agents,
brokers and wholesalers to transmit and receive data in real time.
The SeaPass Hub Solution leverages existing systems to automatically
interact with one another, leading to reduced costs, better new business and
successful transactions. Since 2001, SeaPass has been implementing IT
solutions at national insurance carriers, regional carriers, banks, large
agencies and brokers.
SeaPass is a privately-held company. Its shareholders include Hyperion, a
world-renowned merchant banking fund specializing in investments in financial
services-related companies and pioneering technologies, and Platinum Neurone
Ventures, a fund backed by global investors such as Bank of America, the Inter
Atlantic Group and Dolphin Equity Partners, both NY based investment firms.
For more information about SeaPass, please visit: http://www.seapass.com.
CONTACTS:
Investor Relations Media Relations
Sujata MutalikAmy Lynn Baneksmutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.
Contact: Investor Relations, Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com; or Media Relations, Amy Lynn Banek, +1-508-855-4486, abanek@hanover.com, both of The Hanover Insurance Group, Inc.