Pitney Bowes' Group 1 Software Introduces Underwriting Automation Solution for Property and Casualty Insurers.Bundled software (1) Applications that are included with new hardware. For example, a new PC often comes with several applications, many of which may be light versions or full versions with no limit on usage. Others may be only 60- or 90-day trial packages. See bundle. offering streamlines underwriting process to enable faster, more accurate quotes and improved operational efficiency LANHAM, Md. -- Group 1 Software, Inc., a Pitney Bowes  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Company (NYSE NYSE See: New York Stock Exchange :PBI PBI protein-bound iodine. PBI abbr. protein-bound iodine PBI, n See iodine, protein-bound. PBI protein-bound iodine. ), today introduced its Underwriting Automation solution for property and casualty insurance carriers, delivering a bundled software offering that enables carriers to streamline and automate manual underwriting processes for faster, more accurate quotes and improved operational efficiency. Unlike other underwriting systems, Group 1 Software's Underwriting Automation solution uses advanced, real-time address cleansing Converting street addresses to a standard format as set forth by the U.S. Postal Service master database. For example, standard abbreviations are utilized, typos are corrected and ZIP codes are converted to 9-digit format. and geocoding technologies to provide more precise address information based on the customer's actual street addresses, rather than their ZIP code zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. location. In addition, the solution's web-enabled document design, composition and delivery capabilities allow agents to access, view, and print documents on demand, without waiting for documents to be mailed. "Minimizing risk and improving quote-to-bind ratios have been key for the insurance customers we have worked with," said Kurt Jackson Kurt Jackson (born 1961) is a leading English painter whose large canvases reflect a concern with natural history, ecology and environmental issues. Born in Blandford, Dorset, he developed an early interest in natural history and landscape. He studied zoology at St. , vice president of Group 1 Software's Insurance Practice. "Our solution allows them to do just that by providing more accurate customer data for better and faster pricing decisions, as well as on-demand policy generation capabilities that enable agents to close business on the spot." For new policy applications, Group 1 Software's Underwriting Automation solution leverages industry-leading address cleansing and geocoding technologies to provide real-time standardization and validation of customer name and address information, and automated territory assignment for faster, more efficient, and more accurate underwriting analysis. Once an application is completed, Group 1 Software's document creation and management technologies can generate automated policy and billing documents - either printed or electronic - and store those documents for online access by agents and customer service personnel, or for electronic bill payment and presentment services. "In today's competitive environment, insurance carriers face tremendous pressure to move faster and more efficiently in their underwriting operations to capture new revenue, and improve profitability and operational efficiency," said Bill Sinn, director of Solutions Marketing, Insurance Practice for Group 1 Software. "Automating the underwriting process is a critical step toward achieving these goals, as well as for improving customer satisfaction and loyalty through more responsive service and account management options." About Group 1 Software Group 1 Software (www.g1.com) turns data into results, providing innovative software solutions that enable our clients to better understand and connect with their millions of customers, prospects, and partners. Group 1 Software helps over 3,000 organizations maximize the value of customer data to improve profitability, increase effectiveness, and strengthen customer relationships, through consolidating, cleansing and enriching corporate data, and generating 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. business documents for multi-channel delivery, customer care and efficient business processing. Our comprehensive Customer Communications Management Communications management is the systematic planning, implementing, monitoring, and revision of all the channels of communication within an organization, and between organizations; it also includes the organization and dissemination of new communication directives connected with an (CCM CCM Contemporary Christian Music CCM Critical Care Medicine CCM County College of Morris (New Jersey) CCM Chama Cha Mapinduzi (political party, Tanzania) CCM CORBA Component Model ) solutions span from database to delivery, adding value to every aspect of communication and allowing clients to integrate intelligence throughout their mailstream. As part of Pitney Bowes (NYSE:PBI), a $5.6 billion company, Group 1 Software's solutions are utilized by leaders in the insurance, financial services/banking, GIS/mapping, government, mail services, retail, telecommunications, utility, and other industries, including Entergy, ING, L.L. Bean, MapQuest, Microsoft, Safeco Insurance, Wal-Mart and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. . Group 1, Group 1 Software, and the Group 1 logo are trademarks or registered trademarks of Group 1 Software, Inc. Pitney Bowes and the Pitney Bowes Process Bar Design are trademarks or registered trademarks of Pitney Bowes, Inc. All other brand names and trademarks are the property of their respective owners. |
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