ChannelPoint Unveils an Advanced Application Enabling Highly Personalized Relationships With Insurance Shoppers.Business Editors WESTMINSTER, Colo.--(BUSINESS WIRE)--Feb. 21, 2001 ChannelPoint, Inc., a leading provider of eBusiness solutions for the $2.8 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. global insurance industry, today announced the availability of ChannelPoint(R)ConsumerSuite(TM). The new product enables organizations to increase profitability by creating highly personal, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationships with individuals shopping for and purchasing insurance online. ConsumerSuite allows insurance distributors, carriers, and portals to launch online sales initiatives quickly and cost effectively across product lines. Information collected from site visitors is used to create detailed customer profiles, which are then used to pre-populate quotes for multiple lines of business, to help customers analyze and plan for their insurance needs, and to save quotes for future viewing without the burden of re-entering data. ConsumerSuite educates and advises shoppers with both pre-loaded and interactive content that is customized to their particular needs. It allows rapid policy fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. via licensed agents, online purchasing via a fulfillment center, or links to carrier sites. ConsumerSuite also empowers organizations to perform extensive analysis of their site visitors -- consumers can be grouped into segments based upon information provided, and business owners can then track site drop-off points, monitor site activity, and re-segment consumers. The tools provided enable analysts -- not programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists -- to analyze customers and site visitors efficiently and effectively. "ConsumerSuite allows our customers to provide a highly tailored, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. experience to their end users," said Jeff Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , Vice President of Product Management at ChannelPoint. "With this product, carriers, financial institutions and large brokers can avoid expensive and time-consuming development and infrastructure, and consumers can generate quotes, select a plan and purchase insurance online or through the carriers' existing distribution system." Anderson adds: "Companies that embrace this technology will be better positioned for market leadership as more consumers look to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to connect them to their insurance provider. By 2004, the industry estimates that nearly $12 billion in automobile insurance policies will be sold online." ConsumerSuite expands upon ChannelPoint technology that has been used by leading Internet portals for several years and that currently supports hundreds of thousands of online quotes per month. Its flexible and scalable design allows sites of any size to create a highly personalized consumer experience. ConsumerSuite enables organizations to target and personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. their sales at every stage by maintaining persistent user profiles, creating reports for use by business owners, and powering targeted sales and marketing campaigns based on user preferences. The application can enhance competitive advantage improving consumer loyalty, referral and retention rates, distribution channel coverage and costs, and market share. Currently, ConsumerSuite enables personal auto and term life insurance sales nationwide; additional lines of business will be introduced in the future, including homeowners insurance. ConsumerSuite is available now. To learn more, call ChannelPoint's product information line at 1-888/454-2478. About ChannelPoint, Inc. ChannelPoint provides Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. solutions that enable eBusiness for carriers, distributors and customers in the $2.8 trillion global insurance industry. The company provides solutions and expertise focused on delivering value in the Life, Property & Casualty, and Health Insurance lines of business. ChannelPoint provides technology and services for more than 500 carriers, 60,000 agents and brokers, and dozens of online insurance portals. ChannelPoint's technologies leverage the power of the Internet to streamline and automate To turn a set of manual steps into an operation that goes by itself. See automation. the insurance distribution process to facilitate end-to-end transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . The company's technology enables the creation of e-markets that bring together buyers and sellers of insurance products. ChannelPoint is headquartered in Westminster, Colo. For more information, visit www.channelpoint.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion