CBSI Helps Esurance Build E-business Application; Complex Insurance System Built for Speed, Reliability.Business Editors FARMINGTON HILLS Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , Mich.--(BUSINESS WIRE)--March 27, 2000 Complete Business Solutions, Inc., (Nasdaq:CBSI CBSI CUNA Brokerage Services, Inc. CBSI Cambodian Buddhist Society, Inc. (Silver Springs, Maryland) CBSI Certified Bridge Safety Inspector CBSI Custom Business Solutions, Inc. ) announced today that it has helped Esurance Inc., the leading Internet-exclusive provider of personal insurance nationwide, develop a highly sophisticated system that allows the company to sell insurance products online. The system, which handles all aspects of Esurance's underwriting, policy, and claims management processes, is already allowing consumers nationwide to purchase auto insurance policies in real-time through www.esurance.com. 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. Esurance founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jean-Bernard Duler, Esurance policyholders reap substantial benefits from the system that CBSI helped to develop. "We've streamlined our backend processes and reduced the amount of time it takes to manage an insurance policy online," said Duler. "We're able to pass those savings onto our customers in the form of lower rates and an insurance-buying experience that is second to none." "This system provides significant advantages for customers frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: with traditional insurance companies," said Muralee Bhaskaran, CBSI Regional Vice President. "Esurance allows users to quickly compare quotes, instantly buy a policy and easily manage their policy online." According to Glynn Evans, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of Esurance, CBSI was a key resource in developing the company's core application. "CBSI helped evaluate the issues facing our business, deployed their resources in an amazingly short amount of time and performed exceedingly well under tight deadlines," said Evans. "It was certainly a challenge to bring insurance to a web-centric environment, but we were able to quickly bring together the right mix of people to aid in the design and implementation of this application for Esurance," said Bhaskaran. "We are proud to add Esurance to our list of innovative e-business customers." About Esurance Esurance is the leading Internet-exclusive provider of personal insurance. Through its 24x7 website (http:www.esurance.com), Esurance offers consumers expert advice, quote comparisons and instant coverage, as well as convenient policy management and claims handling. The San Francisco-based company was the first to offer this real-time quote to claims service nationwide. Founded in 1998, Esurance is backed by top-tier venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. including Redpoint Ventures, Global Retail Partners, Trinity Ventures and 21st Century Internet Ventures. About CBSI CBSI is a worldwide provider of information technology (IT) services to large and mid-size organizations. The Company offers its customers a broad range of IT services, from advising customers on strategic technology plans to developing and implementing appropriate IT applications solutions. CBSI offers custom-tailored solutions based on an assessment of each client's needs. The Company's services include: e-business transformation services; consulting; large systems applications development and maintenance; packaged software See software package. implementation such as ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and contract programming services. CBSI achieved Level 5 quality ratings at offshore development centers in India in December 1999, one of very few companies worldwide to achieve this designation as set by the Software Engineering Institute's Capability Maturity Model. To learn more about CBSI, visit its website at www.cbsinc.com. |
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