Camilion Announces Authority Suite (TM)- The Next-Generation Policy Administration System for P&C.Modern Technology Platform Provides Insurers With Agile Product Development, Transforms Underwriting and Reduces System Maintenance Costs LAKE BUENA VISTA, Fla. -- Camilion Solutions, the leading provider of insurance product development solutions, today announced a next-generation Policy Administration System developed specifically for the Property and Casualty market. Leveraging a Services Oriented Architecture (SOA) and built on the industry's most modern, tools-based technology platform, Authority Suite(TM) gives insurers the agility they need to overcome the challenges created by hard-coded legacy systems, including the ability to quickly revise and develop new products, automate underwriting and provide online sales - all while reducing their exorbitant systems maintenance costs. In the upcoming Celent report, "Policy Administration Systems 2007: P/C Commercial Lines Vendors," author Chad Hersh notes that Authority Suite is one of the most modern and flexible commercial lines policy administration systems available. "Its Business Process Management (BPM) and product configuration foundation allows it to easily extend to personal lines," according to the report. Authority Suite supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind and issuance and all the required policy endorsement functions. Authority Suite also automates the entire underwriting process through a user-friendly, consolidated underwriting workstation and provides straight through processing (STP) for online sales so insurers can be easy to do business with. Powered by Camilion's ProductAuthority[TM], the world's only "pure" product configurator built from the ground up for insurance, Authority Suite truly separates product from process. All product data and rules are externalized in a central repository, where products can be rapidly configured - without impacting policy transactions and business workflows that dictate how they are sold, serviced and administered. Authority Suite simplifies integration to other enterprise systems by providing open accessibility through a web services interface. "With our flagship ProductAuthority as the core, we have been working with the world's largest insurers to build out the functionality for this next-generation Policy Administration System," said Ross Orrett, Camilion's President and CEO. "Now, we can also offer the P&C mid-market a proven solution that innovatively addresses their key objectives to reduce product time to market and improve ease of doing business, while reducing costs and rationalizing internal systems." About Camilion Solutions Inc. With customers who are the world's largest insurers, Camilion Solutions, Inc. (www.authoritysuite.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 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. ProductAuthority[TM] , Authority Suite[TM] and related names are trademarks of Camilion Solutions, Inc. All other products and services mentioned are trademarks of their respective companies. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion