Vitech V3locity

V3locity is an administration solution that addresses voluntary, worksite, true group, and direct insurance administration needs across a broad range of functions and product lines in a single, integrated, and contemporary technology system. V3locity is specifically designed to address the unique needs of insurance, retirement, and investment organizations. It helps to improve market agility, raise service levels, and streamline operations, while consolidating and modernizing legacy administration platforms. V3locity is a software-as-a-service (SaaS) solution that simplifies operations, improves data security, and increases scalability and resiliency, helping insurers increase agility and respond to market needs.

Vitech is an AWS Advanced Technology Partner and has achieved the AWS Financial Services Competency.
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A turnkey, cloud-based platform that eliminates third-party hardware and software requirements, simplifies your operating requirements, and can dramatically reduce your total cost of ownership.

With multi-zone and multi-site replication, advanced recovery time, and recovery point capabilities, V3locity is highly fault tolerant, reliable, and high performing.

A single-instance model in which your data is secured with vault-like protections using the latest physical and virtual security standards.

V3locity is a turnkey, AWS-based alternative to an on-premises installation of Vitech’s core administration system, V3. V3locity is encapsulated inside of a powerful and proprietary management layer that ensures smooth and effective operations 24x7x365. It is a fully managed platform that delivers scalability, security, and reliability with minimal upfront expenses and a predictable, contained long-term cost model. Vitech is an APN Advanced Technology Partner and has achieved the AWS Financial Services Competency.

• Complete administration solution: V3locity offers a complete suite of insurance capabilities and a comprehensive set of enterprise features in a single and integrated solution, leveraging a single common database and user interface. This creates opportunities for system consolidation and data deduplication, while potentially simplifying your administrative capabilities and service offerings.
• Modular deployment: V3locity’s various insurance and enterprise modules can be used in any combination in a single installation. From standalone, function-specific implementations to full life cycle deployments, V3locity can be tailored to your specific priorities and requirements. This also supports risk-mitigating phased rollouts in which an organization grows into its target state at its own preferred pace.

Limited by their legacy administration systems, Prudential began to search for other options to grow their business. Prudential wanted a customer-focused platform to position them for success.

The flexibility to adjust products to meet customer needs, and compete as the market evolves drove the decision-making process. Prudential chose V3locity, delivered through the cloud and running on AWS.

“Updating to a modern platform has made us a better partner with brokers and agents,” said Paul Virtell, VP of Product Management, Prudential Group Insurance.