Church Mutual Chooses Camilion's Product Development Solution - ProductAuthority(TM).Central Product Repository and Support of IAA IAA abbr. indoleacetic acid Noun 1. IAA - a plant hormone promoting elongation of stems and roots indoleacetic acid auxin - a plant hormone that promotes root formation and bud growth 2. Will Provide Single Enterprise Version for All Product Specifications DALLAS -- Camilion Solutions, a leading provider of insurance Product Development Solutions and Policy Administration Systems, today announced that Church Mutual Insurance Company, the leading insurer of worship centers and related institutions 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 purchased Camilion's ProductAuthority(TM). As part of their enterprise 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. ) strategy, they will externalize externalize see exteriorize. product data and rules in ProductAuthority's central repository where they will be configured, for each product, as a full product specification document. This "single version of the truth In computerized business management, svot, or Single Version of the Truth, is a technical concept describing the sequence and structure of a database formed by a particular but arbitrary sequencing of records. " will be easy to access and re-use and will virtually eliminate the risk that business users and IT could be working from different versions of a product specification when developing products, also ensuring that the products they implement are right the first time. Church Mutual has also licensed IBM's Insurance Application Architecture (IAA) model, which provides product definition templates based on insurance best practices, to accelerate the modeling of products. ProductAuthority supports the IAA model enabling Church Mutual to further streamline the compilation of their product specification documents. "Our market is very unique, yet very diversified; the products we provide reflect the many needs of our customers," said Kay Maluegge, CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use , Senior Business Support Analyst at Church Mutual. "Managing the vast amount of product rules we use to service our customers nationwide has become an immense task. We searched for a solution to help us structure our products so that we can manage the product needs of our customers." "We are pleased to be able to help Church Mutual continue in their tradition of providing quality products and services to their customers," said Ross Orrett, Camilion's President 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. . "ProductAuthority's superior architecture and innovative capabilities will enable them to streamline their product development process and reduce risk in their business." About ProductAuthority ProductAuthority fundamentally changes the way insurers develop and implement products by completely separating product from process. A "pure" product configurator, ProductAuthority creates agility by leveraging SOA to externalize 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 other 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(TM) 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 Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. access to product features, rules and status; and a Publisher that generates full product specifications directly from the repository. About Church Mutual Founded in 1897, Church Mutual (www.churchmutual.com) insures approximately 96,000 worship centers and religious-related institutions. The company also offers property and liability coverage in the senior living facilities market. With headquarters in Merrill, Wisconsin Merrill is a city in Lincoln County, Wisconsin, United States. The population was 10,146 at the 2000 census. The city is located to the south of and adjacent to the Town of Merrill. , Church Mutual has received an A+ (Superior) rating from industry analyst A.M. Best Company for 54 consecutive years. About Camilion Solutions Inc. With customers who are the world's largest insurers, Camilion Solutions, Inc. (www.productauthority.com) uses its deep knowledge of insurance to create software solutions that enable insurers to develop new or modified products more quickly 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 established in 2001 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. All other names and trademarks mentioned are the property of their respective owners. |
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