Velocity 2026: Benefits, Features & Pricing

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Overview
Pricing and Plans
Features
User Reviews

Overview

Velocity

4.1

(15)

Pricing

Starting at $10,000.00 one time

About Velocity

Velocity is a cloud-based agency management system for property and casualty insurance carriers. It helps users handle the needs of general agents, program administrators, wholesalers, carriers, reinsurers and retailers. The core features include mass solicitation and renewals, claims management, HTML templates, automated workflow scripts and fiduciary accounting.

The carrier bundle is a package that can be added to the agency management system for rating and issuance functionality. It provides automation and processing capabilities for the creation of new policies, renewals and mid-term endorsements. The carrier bundle also includes a claims management module where claims are paid and administered.

Velocity provides macro-coding tools that execute client defined internal and external processing tasks. Users can also internally create their own tasks like workflow invocations, rules-based underwriting and application validations and qualifications. The scripting engine allows the system to talk to other computers on the internet and exchange, import and validate data.

Velocity Screenshots

Velocity Pricing and Plans

Starting price: $10,000.00 one time

Free Trial

Free Version

Basic

$10,000.00

one time

No plan information available

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Velocity Features

Popular features found in Insurance
Activity Tracking
Audit Trail
Contact Management
Document Management
Insurance Rating
Policy Management
Quotes/Estimates
Self Service Portal
Workflow Management
More features of Velocity
Accounting
Activity Dashboard
API
Billing & Invoicing
Broker/Agent Portal
Cancellation Tracking
Carrier Upload
Claims Management
Claims Tracking
Client Portal
Commercial Lines
Commission Management
Contact Database
Customer Portal
Customizable Forms
For Casualty Insurance
For Medical Malpractice
For Personal Insurance
For Professional Liability
Insurance Policy Management
Insurance Policy Processing
MGA Administration
Multiple Line Rating
Multi-State
Policy Issuance
Property & Casualty
Rating Engine
Reinstatement Tracking
Reminders
Renewal Management
Sales Reports
Underwriting Management

Velocity User Reviews

Overall Rating

4.1

Ratings Breakdown

33%

60%

Secondary Ratings

Ease of Use

3.5

Value for money

4.1

Customer support

4.4

Functionality

4.1

Verified

Reviewer

Insurance

Self-Employed

Used monthly for less than 12 months

Review source

Reviewed January 2019

Great Company

I look at velocity for business quotes. I always have them quote it and I love I get to work with a company that’s open to different types of business insurance.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The quickness! When you are looking for a great business quote I always look first at velocity.

Cons:

Well, maybe if we could get a business quote approved sooner but I get it’s a process.

Dawn M.

Insurance

11-50 employees

Used daily for more than 2 years

Review source

Reviewed October 2016

Functionality

I've been with my company now for close to 3 years so I'm fairly new to Velocity but my experience thus far has been excellent. The pros to the system would include Velocity's ability to maintain a database as well as the accounting functionality which I'm happy with because my previous employer had two different systems for these two functions. I've also been impressed with VRC's timely response and attention when I have questions. I rated the ease of use with 3 stars because I would like to see more hyperlinks from one screen to another allowing for easier workflow. Overall my experience with VRC and Velocity has been excellent but as with most technology there are some learning curves to the process.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Its ability to grow as our company grows and its ability to maintain our database and our accounting information in one place.

Cons:

The flow from one screen to another.

Thomas B.

Verified reviewer

Computer Software

11-50 employees

Used other for free trial

Review source

Reviewed August 2018

Waste of Time Had to go back

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The price was good but ultimately this all wound up costing me extra money and a lot of lost time.

Cons:

Bad company. I had a couple of properties that i switched over and they were both canceled and i had to go back to the original company. Ultimately it was a huge waste of time.

Verified

Reviewer

Insurance

11-50 employees

Used daily for less than 12 months

Review source

Reviewed August 2018

Velocity Review

Ratings Breakdown

Ease of use

Functionality

Pros:

They have a built in rating, self service portals for the clients, you can custom apps as well.

Cons:

The ease of use is not that helpful. The flow from screen to screen is challenging, you cant make the screen bigger if needed, However, once you get use to this, it works pretty well.

Amy B.

Insurance

201-500 employees

Used daily for more than 2 years

Review source

Reviewed October 2016

Would Highly Recommend

We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our changing needs! VRC has continually released upgrades and updates constantly improving the product per our users needs. Since using VRC we have not had to turn down a request from our owners to perform any task within our Agency. I would highly recommend this product to any one needing a flexible platform.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The flexibility of the product to perform the functions I need.

Cons:

The fact that we can't make the screen bigger

John K.

Insurance

201-500 employees

Used daily for more than 2 years

Review source

Reviewed October 2016

Velocity - Quick Customizable Insurance Solutions

Velocity scripting has allowed our company to streamline and automate our workflows. Processes that would previously take someone a few hours of time everyday can now be completed with the click of a button. Velocity API's have taken our website from a static, information only experience, to a fully interactive portal. Customers can now interact in real-time to service and bind business.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Customization tools like scripting. Vast API's

Cons:

User interface is outdated

Janice M.

Insurance

51-200 employees

Used daily for more than 2 years

Review source

Reviewed October 2016

First time user

My company doesn't do a lot of the accounting processes. As I learn new ways to efficiently processes within they system, I share them with my staff in an effort to make our department more proficient within the system. Each year I learn more ways to utilize the program.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The ability to modify screens to work for department purposes.

Cons:

That the system processes without being in balance such as cash, general ledger, etc

William F.

Insurance

2-10 employees

Used daily for more than 2 years

Review source

Reviewed November 2018

Service

My experience wasn't terrible, however, there are competitors our there that did a little more of what I was looking for

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The service we received from Velocity was top notch and I would say that's the best part of their company.

Cons:

I wasn't thrilled with the document management aspect of Velocity and have since deflected to a competitor that is more aligned with our parent company

Riley D.

Insurance

11-50 employees

Used daily for more than 2 years

Review source

Reviewed July 2018

We have used Velocity in my office for a little over 2 years

All in one program.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

It is an all in one program. Onboarding new hires is much simpler compared to before we switched over; we used to have one program for accounting tasks and one for storing client info which made training a huge task.

Cons:

There are certain tasks that are difficult to reverse, such as when a mistake is made when generating an invoice.

Blanca G.

Insurance

51-200 employees

Used daily for more than 2 years

Review source

Reviewed October 2016

First Time User

My overall experience was good. This is my second time attending the conference and have gained a lot of knowledge. One of my favorite parts was knowing a little more about the VRC team!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The scripting feature which allows you to customize your process more.

Cons:

At this time, we cannot make the Velocity screen bigger.

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