It has been said that to a person with only a hammer, every problem looks like a nail. Vertical Technology Solutions' (VTS) core expertise lies in the vastness of its toolbox and we have more than a hammer to address your business problems. VTS’ origin is linked to the success its founders having overcome the frustration of dealing with ‘horizontal’ technology consultants. By horizontal consultants, we mean those vendors whose approach to solving business problems come from their own ‘horizontal technology perspective’. That is, they see your business problem as it relates to their tool competence which is often a technology domain such as:
To be clear, VTS is competent in all of these technology domains and more and we have proven successes in each. However, it is our business experience, rather than technology, that inspires us to take a slightly different approach to solving your business problems.
What Differentiates Us?
We have 50 plus years of combined industry experience in the property and casualty insurance vertical and have led several successful strategic technology deployments in this vertical. VTS' talent is uniquely positioned to guide your company to award-wining solutions as we have done in the past for managing general agencies, regional carriers, global insurance carriers, and global reinsurers.
The simple truth is the better your chosen technology partner knows your industry vertical, the greater the probability that they have seen your business’ problems before they arrive at your door. Couple this experience with a toolbox full of technical expertise and you get an experience much different from a vendor whose mission is only to complete a billable project. VTS seeks to partner with you as a trusted advisor and to leverage our deep experience in solving your business problems.
As experienced partners and technologists, we look past the symptoms of your problem to root cause. This means looking at your business problems holistically as it relates to technology. From there, we develop a comprehensive technology plan to enable your business strategy. However, we are careful to demonstrate value along the way while also insuring tight spend control. Our SOLVE-IT Methodology is highly iterative and executed in several small phases or deliverables that are directly influenced by your business need.
Insurance Data Management
We recognize that each business is unique and we respect that. However, we have discovered through hands-on experience managing data between the various constituents of the P & C Insurance supply chain, that once you understand the basic data flows of a supply chain of a given industry vertical, there are inevitably themes and trends that each business within the vertical faces, uniqueness notwithstanding.
Over the years we have learned alot about insured and agency customer service needs, underwriting concerns, product development agility, billing and claims operations, and marketing, through solid Insurance Data Management. At the end of the day most business problems that are solved today with technology involve accessing, integrating or migrating data from one point to another. Do not trust your decision information to those who do not understand your business well enough to turn your data into information.
We stand ready to tap the many lessons-learned that data management experience has provided to both shorten your engagement and control cost. And, we get the vagaries of the insurance market and how cyclical and sudden changes in pricing can affect already thin profit margins.
We have proven successes in delivering operational efficiency, product agility and lower cost to insurance operations through smart deployment of technology to solve business problems. These successes often deliver two by-products that catch the attention of CEO’s, CFO’s and COO’s. In many cases, our solutions have retired fixed expenses where needed, with variable technology expenses that scale with your premiums and revenue commensurately. At VTS, we believe the business problem dictates the tool. This is the proposition that does not worry skilled craftsmen in possession of more than one tool.