A.M. Best Co. Presents E-Fusion Award for Office Automation Management to ProcessClaims.OLDWICK, N.J. -- The A.M. Best Co. presented ProcessClaims with the E-Fusion award in the Office Automation Management category at the 2004 A.M. Best Co. Insurance and Technology Conference in Baltimore Oct. 19. The award recognizes innovation in insurance technology. ProcessClaims, a 4-year-old provider of information-technology solutions based in Manhattan Beach Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif., seeks to streamline the claims process through its ClaimsPort product, which is designed to reduce loss cost, cycle time and severity, and improve customer service. Farmers Insurance Group used the product to centralize its entire national claims center, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Wesley Koenen, director of corporate development and marketing. David Ferrara, a co-founder, said that the strength of his company's product and services -- and probably the reason for receiving recognition by judges -- "was the ability to deliver a bolt-on solution to our customers via Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. and our ability to deliver value to a major customer." Other finalists and the purpose for their project were as follows: --Business Risk Technologies Inc. -- A system of multiple Web portal See portal. interfaces to automate the migration of legacy data from over 100 individual data sources. --InsurSys -- An enterprise-resource-planning platform that covers business and system requirements To be used efficiently, all computer software needs certain hardware components or other software resources to be present on a computer system. These pre-requisites are known as (computer) system requirements and are often used as a guideline as opposed to an absolute rule. for both life and property/casualty insurers. --Companion Property & Casualty Group -- A system that helps independent agents quote, price and issue policy applications online. --Midland National Life Insurance Co. -- An extranet-based application used for project management throughout Sammons Financial Group. The awards were judged by Michael Edwards, chief information officer, American Skyline Insurance Co.; William Jenkins, CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use and insurance technology consultant; Matthew Josefowicz, manager, Insurance Group, Celent Communications; Robert Litt, partner, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP LLP - Lower Layer Protocol Information Risk Management; Chuck Johnston, director, industry marketing, Callidus Software; Thomas A. Meyers, senior vice president and chief financial officer, New Jersey Manufacturers Insurance Co.; and Philip Roeper, chief information officer and senior vice president, American Re-Insurance Co. In addition, the A.M. Best Co. executives who participated in the judging were Paul C. Tinnirello, executive vice president and E-Fusion conference chairman; Lee McDonald, vice president and E-Fusion program chairman; and Group Vice President Rita Tedesco and Vice President James Snee. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion