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Torrent Technologies

torrentcorp.com

Founded Year

2005

Stage

Acquired | Acquired

About Torrent Technologies

Torrent has compiled industry-strategic partnerships within its program to provide a powerful alliance of insurance-related vendors to offer solutions into the TorrentFlood platform to ensure a seamless agent experience. Torrent Technologies' integrated suite of business software platforms and the company's customer-focused service and support solutions have revolutionized the flood insurance landscape. Write Your Own (WYO) insurance companies and agents can now participate in the National Flood Insurance Program (NFIP) with the easiest-to-use, most compliance-oriented administration capabilities in the industry.

Headquarters Location

1935 3rd Ave East Suite 100

Kalispell, Montana, 59901,

United States

877-486-7736

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Latest Torrent Technologies News

Torrent Technologies Adds Palomar Admitted Coverage to Flood Platform

Nov 23, 2020

November 23, 2020 Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, has formed an agreement with Palomar Specialty Insurance Co. to provide Torrent’s Write-Your-Own (WYO) carrier clients and their agents new, admitted private flood insurance options. Under the agreement, Palomar’s admitted, residential flood insurance program, Flood Guard, will be integrated onto Torrent’s flood processing platform, giving agents of WYO carriers that opt-in additional options for their customers’ flood risk needs. Flood Guard will be the first admitted, private flood insurance option on the TorrentFlood platform. This will enable agents to sell National Flood Insurance Program policies as well as quote, bind, and issue in real-time a curated list of private flood insurance options. Admitted policies are regulated by states and backed by state guarantee funds, providing policyholders additional protection in the event of carrier insolvency. With annual premiums starting at $200, Flood Guard is available on an admitted basis in the following 11 states: Ariz., Calif., Hawaii, Ill., Ind., Nev., Okla., Ore., Pa., S.C., and Utah, with additional states forthcoming. Homeowners can purchase up to $5 million in dwelling, $1 million in personal property, and $50,000 in loss of use coverage on either a primary or excess basis. Flood Guard is expected to be fully integrated onto TorrentFlood in the first quarter of 2021. Marsh is a global insurance broker and risk advisor with over 35,000 colleagues operating in more than 130 countries. It serves commercial and individual clients and is a business of Marsh & McLennan Companies. Was this article valuable?

Torrent Technologies Frequently Asked Questions (FAQ)

  • When was Torrent Technologies founded?

    Torrent Technologies was founded in 2005.

  • Where is Torrent Technologies's headquarters?

    Torrent Technologies's headquarters is located at 1935 3rd Ave East, Kalispell.

  • What is Torrent Technologies's latest funding round?

    Torrent Technologies's latest funding round is Acquired.

  • Who are the investors of Torrent Technologies?

    Investors of Torrent Technologies include Marsh.

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