CNA Chooses Camilion's Product Development Solution - ProductAuthority(TM)."Pure" Product Configurator Will Enable CNA (Certified NetWare Administrator) See Novell certification. to Streamline Product Development Processes, Reduce Costs and Increase Capacity TORONTO -- Camilion Solutions, a leading provider of insurance Product Development Solutions and Policy Administration Systems, today announced that CNA, the seventh largest commercial insurance writer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , has chosen ProductAuthority(TM) as the product development solution for their specialty lines business. CNA will use ProductAuthority as a faster alternative to building a solution in-house, to streamline their product development processes, increase their product capacity and reduce costs. "The CNA team are visionaries when it comes to product development and recognize the need to make 'true' product management a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About ProductAuthority Built to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. a Services Oriented Architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ), ProductAuthority fundamentally changes the way insurers develop and implement products by completely separating product from process. A "pure" product configurator, ProductAuthority creates agility by externalizing all product data and rules from multiple, hard-coded operational systems into a central repository, where qualified business users can build and modify their own products. These reusable product definitions include all important product information -eligibility, packaging, underwriting rules and forms management - not just pricing or calculations. The integration of product definitions with important product-aware legacy applications, like Policy Administration Systems, is simplified by using 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. . ProductAuthority also incorporates a product manager's Workbench to automate product development processes and test products prior to integration; a Product Catalog that gives all product stakeholders access to product features, rules and status; and a Publisher that generates full product specifications directly from the repository. About CNA CNA (www.cna.com) is the seventh largest commercial insurance writer and the 13th largest property and casualty company in the United States. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services See Information Systems. , underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation. About Camilion Solutions Inc. With customers who are the world's largest insurers, Camilion Solutions, Inc. (www.productauthority.com) is a leading provider of enterprise Product Development Solutions and Policy Administration Systems for insurance. Camilion uses its deep knowledge of the insurance industry to develop software solutions that enable insurers to launch new or modified products more quickly and efficiently than competitors, automate underwriting, enable straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. for online sales, and deploy an agile, modern technology platform to better support current and future growth. Camilion is a privately owned corporation founded in 2000 with offices in Toronto and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ProductAuthority(TM) and related names are trademarks of Camilion Solutions, Inc. |
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