Builders Insurance Group Engages Ravello Solutions to Provide Best-In-Class Workers' Compensation Technology Solution.Business Editors ATLANTA--(BUSINESS WIRE)--April 18, 2002 Builders Insurance Group, Georgia's leading writer of workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , announced today it has engaged Ravello Solutions, a technology provider of workers' compensation software, to develop a state-of-the-art, web-based solution customized for its agents and policyholders to conduct business online faster and easier. "After an extensive nationwide search for a technology provider who could meet our expanding business needs, we chose Ravello Solutions," said Kenneth Branham, senior vice president of operations, Builders Insurance Group. "Ravello's technology leverages our current IT infrastructure, and is well designed and equipped to communicate and process many of our business services completely online." "The user-friendly user-friendly - Programmer-hostile. Generally used by hackers in a critical tone, to describe systems that hold the user's hand so obsessively that they make it painful for the more experienced and knowledgeable to get any work done. Ravello operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. allows for rapid implementation of new and improved functionalities to the corporate website (www.buildersinsurancegroup.com)," Branham said. "The new service options are scheduled for a summer release." Upon launch, Builders Insurance Group appointed agents will be able to access their book of business online. In addition to viewing their book of business at anytime, agents will be able to self-service their accounts by performing policy changes, renewals and audits. Policyholders will also be able to take advantage of the new system with service options such as requesting updates to their policy and making real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. online payment of premiums, along with the ability to submit monthly self-reporting audits. "We are very pleased that Builders Insurance Group selected Ravello Solutions," said Andrew Serowitz, executive vice president, Ravello Solutions. "Utilizing the Ravello system will strategically position Builders Insurance Group for continued growth and enhanced operational efficiencies." "Builders Insurance Group will leverage this new system to deliver targeted user information to its agents and policyholders while lowering its operating costs operating costs npl → gastos mpl operacionales ," Serowitz said. "Improved online innovations will continue to position Builders Insurance Group as a leader in the industry." About Builders Insurance Group Headquarted in Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. , Builders Insurance Group is a full-service provider of innovative insurance products and services offered throughout the Southeast. Builders Insurance Group's core offering is workers' compensation coverage tailored to the needs of the home building industry. Member companies include Builders Insurance (A Mutual Captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. Company), Association Insurance Company and Association Services, Inc. Builders Insurance Group carries an A.M. Best A- (Excellent) rating. For more information, please contact the Communications Department at 800-883-9305 or visit www.buildersinsurancegroup.com. About Ravello Solutions Ravello Solutions provides technology solutions to the property and casualty industry's commercial lines sector. Their web-based product leverages insurance companies and their agents by streamlining the underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. process and dramatically improving productivity in quoting, rating, sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a , binding and policy issuance. Ravello's technology has many additional internal applications for insurance carriers, thus creating a unique value proposition for its customers. The company develops all of its technology internally and is research and development focused. Ravello Solutions is headquartered in Atlanta, Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. . For more information on Ravello Solutions please visit www.ravellosolutions.com, or call Andrew Serowitz at 770-551-9796 x113. |
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