Why Choose Torrent?
Torrent Technologies has developed a state-of-the-art flood insurance policy processing and claims administration system (TorrentFlood®) to offer a flood insurance solution that is unmatched in the industry today.
We see the core issues that differentiate Torrent from its competitors as follows:
» Technology
Torrent's flagship product, TorrentFlood®, is the industry's most robust, flexible and user-friendly platform on the market today. That's because we employed proven and contemporary technology architecture solutions when developing our system, with an acute focus on data accuracy, FEMA compliance, real-time transaction processing and the easiest-to-use interface found today – ensuring your agents can process flood quickly and with confidence. Read more about our technology.
» Service
Torrent's single most important asset and distinguishing characteristic is our service. While TorrentFlood® gives our client companies an amazing competitive advantage, service is our number one priority and life-blood. In fact, TorrentFlood® was designed specifically to support our proprietary servicing methodologies – ensuring you and your agents will not find better service anywhere else! Customer Service page.
» Price
By leveraging the inherent efficiencies built directly into TorrentFlood®, as well as our proprietary, back-office processing methodologies, Torrent can operate more cost effectively than our competitors – allowing us to pass these savings on to you, the WYO Company. With expense allowances shrinking, we understand that each point counts!
» Organic Growth
Torrent believes that the only long-term sustainable model in this industry is to first earn your business and second, ensure the organic growth of your business…and we have accomplished just that! Many of our WYO Companies have already enjoyed growth in the triple digits – some have even seen their flood books grow over 400%! Our 'earn-and-grow' philosophy is vastly different than that of our competitors whereby much of their 'growth' has come through book acquisitions followed by poor retention rates, or a 'buy-and-lose' philosophy.
» Flood Experience
The experience of our leadership team rivals our competition by combining over 70 years of experience in the NFIP. Additionally, we have compiled a staff of professionals, drawn from the flood insurance industry, who know this business and have - on average - eight (8) years of NFIP experience. Torrent is able to rapidly scale our operations team with access to many experienced flood professionals that have direct Flood Vendor experience and include underwriting, claims, agency management and IT professionals. Meet our team.
» A Partner, not a Competitor
Did you know that some Flood Vendors compete against their own client companies? Some are directly marketing and rolling business to their own in-house MGAs. Some are owned by carriers that are also participating in the WYO Program. Do you really want the very vendor you have entrusted with your agents and policyholders using your data to compete directly against you?
» Results, Not Bureaucracy
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 your needs 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.
» NextGen Enabled
Torrent has been working closely with FEMA's NextGen team to ensure our system, TorrentFlood®, is compliant and ready for the transition this summer. As with the NextGen platform, TorrentFlood® was designed to inherently take advantage of modern technology and software architecture ensuing our client companies enjoy a smooth and seamless migration to FEMA's future transaction platform. Is your company really NextGen compliant?
» Flexible Servicing Model
Torrent is the only company in the industry that can support a flexible and modularized servicing model whereby clients can choose which back-office services they elect to outsource from an a la carte menu of over 12 BPO services.
» Superior Network and Systems Infrastructure
Torrent's network and system architecture has been built by employing the latest technology and design methodologies focused on ensuring the highest availability, security and performance and with an eye on the rigorous standards set by Sarbanes-Oxley.
» Enhanced Reporting and Data Harvesting
TorrentFlood® gives clients a wide-range of industry-standard reports ranging from Policy in Force (PIF) counts to agent performance metrics – leveraging the web-based interface of TorrentFlood® to quickly provide the information clients need to make key business decisions about their flood insurance businesses and, more importantly, grow their flood book. No other Torrent competitor can so easily provide the level of meaningful information to their clients given flat-file data structures and inflexible delivery mechanisms of their legacy systems.