Their API-first, cloud-native rating software enables us to have complete control of our commercial products, leverage ISO standards, consume APIs seamlessly, and process quotes faster.”ĬlarionDoor’s CD Rating software is a flexible, powerful, and proven rating engine that empowers insurers, like LIO, to create competitive products, launch products seamlessly, and distribute products across all channels. “Business owners need an insurance service that meets their needs, provides an easier platform for purchasing and managing coverages, and that requires modern insurance technology, like ClarionDoor. “One of the reasons we started LIO was that we recognized the significant challenges and latency in the commercial insurance market,” said Jim Tygh, chief actuary and risk officer at LIO. LIO is leveraging cutting-edge technology and tapping into the power of data to reduce the quote-to-policy lifecycle and improve the customer experience. Recently, LIO went live with ClarionDoor, provider of the most intelligent insurance product distribution software.Ĭommercial insurance, especially general liability and property, is notorious for taking days or weeks to get a policy, mostly due to manual underwriting processes. LIO is an underwriting company on a mission to make the process of selecting and purchasing specialized insurance policies faster, easier, and more intuitive. SANTA BARBARA, Calif., J(GLOBE NEWSWIRE) - Commercial insurance can be very complex, however, industry newcomer LIO Insurance (LIO) is changing that.

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