Did you know that Torrent is the only Flood Vendor that...
…has a 100% real-time transaction processing system?
Built with contemporary technology and software
development methodologies, TorrentFlood® ensures the
fastest and most accurate platform for selling, servicing
and administering flood insurance. Other vendors are
bogged-down with clunky mainframe systems on the
back-end and antiquated software development requiring
time-consuming batch processing, slow response times
and non-native “web” platforms. Additionally, since
TorrentFlood® is a wholly-integrated system – meaning
no ‘front-end / back-end’ system data inconsistencies…
you can rely on the information, reporting and financial
transactions TorrentFlood® is serving to you and your
agents.
…doesn’t compete against its own client companies?
Did
you know that most of the Flood Vendors in the market
today compete directly with their own WYO client
companies? As strange as that sounds, many of today’s
Flood Vendors also participate in the NFIP as WYO
Companies. Some Flood Vendors even compete against
their own client companies at the agent level, directly
marketing and rolling business to their own in-house
MGAs. Do you really want the very vendor you have
entrusted with your agents, using your data to compete
directly against you?
…is completely independent with a sole focus on flood
servicing solutions?
That’s right, Torrent is the only
Flood Vendor today that is 100% privately owned giving
us the latitude and autonomy to quickly make decisions
and more importantly, respond to our client-company’s
needs virtually immediately. All of our competitors are
either owned by large corporations where flood insurance
is not their main business or part of a competing WYO
Company. At Torrent, we are solely focused on simply
delivering the industry’s best flood insurance solutions -
period.
…gives WYO Companies a new way to differentiate?
Given the recent shrinking of the Flood Vendor market,
a burgeoning challenge facing WYO Companies is
the ability to differentiate themselves from other
WYO Companies when marketing to agents.
With premium rates set by FEMA, and the fee arrangement
feeling downward pressure, Torrent gives our client
companies a new way – besides just commission dollars –
to compete and distinguish themselves from other WYO
Companies that are essentially sharing one of a very few
Flood Vendors.
…has built a completely proprietary platform (TorrentFlood®) from the ground-up specifically for the NFIP?
Torrent’s platform is 100% proprietary – designed,
built and deployed from the ground-up with one purpose
in mind – the NFIP. As with many of today’s systems,
TorrentFlood® is not a collection of 3rd-party, pre-packaged
systems bought ‘off the shelf’ and slammed together to try to
fit the NFIP model. In fact, we believed that the only way to
ensure our client-partner’s future success in this industry was to
build a platform designed specifically for the nuances of the
strict NFIP compliance requirements. Most, if not all, other
systems on the market today were not originally designed to
operate in the NFIP, but rather they were built for another P&C line
and ‘retrofitted’ to try and adapt to the uniqueness of the NFIP.
In our opinion, this is one of the largest failings of the systems
today and is one of TorrentFlood®’s biggest advantages and why our
client-partners are seeing such great growth and increased efficiency
compared to other WYO Companies.
…can boast 100% client retention?
Additionally, Torrent can boast a 100% retention rate
with its client base; something none of our competitors can state.
We are proud to be in a position whereby we can literally provide
any client-partner as a reference; our client-partners are our best marketing resource.