SUNZ Insurance Company Selects ASP Version of DTI's OASIS Solution; New Insurer chooses DTI to provide efficient management tool for Workers' Compensation business.BOSTON -- Delphi Technology, Inc. (DTI Diffusion tensor imaging (DTI) A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ), an established provider of technology solutions to the property and casualty insurance market, announced today that Florida-based SUNZ Insurance Company (SUNZ) has selected DTI's OASIS solution to manage the company's Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. line of business. SUNZ specializes in providing insurance products and services to Professional Employer Organizations A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. , Staffing Companies and other preferred large risks. As a new insurance organization, SUNZ required a proven and cost-effective solution that would provide the required functionality and enable them to administer their business most efficiently and effectively. In addition to end-to-end insurance processing for their Workers' Compensation business, SUNZ required a solution that would support the distinctive data collection and reporting needs of these uniquely structured organizations. OASIS components to be implemented by SUNZ include: --Workers' Compensation Policy Management (WCPM WCPM World Class Project Management WCPM Words Read Correctly per Minute ), including deployment of eApp and eCOI --Financial Management (FM) --Central Information System (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ) The OASIS solution implementation is currently underway in a two-phased effort, with Phase 1 to include deployment of the OASIS WCPM solution, FM solution, and development of customized data collection and reporting for its insureds. Phase 1 will also include tight integration with the technology in place at their Third Party Administrator, United Self Insured Services (USIS USIS United States Information Service USIS United States Imagery System USIS United States Investigations Services USIS Ugandan Schools Information Service USIS User-to-User Indicator (Signaling System #7) ). This close relationship will enable SUNZ to execute their "best-in-class" approach. Phase 2 of the project will expand the implementation to include interfaces to SUNZ' general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. and accounts payable systems as well as web-based products and services. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Douglas Lilak, President of SUNZ, "It has been my experience that most carriers truly want to be of service to their customers. Unfortunately for the customer, outdated legacy systems and manual processes prohibit excellence in service while at the same time cause increases in expenses--all ultimately borne by the customer. We are convinced that our key partnership with Delphi puts us at the "head of the pack" in terms of collecting, processing, and distributing useful and necessary information to our insureds. We have the edge in policy issuance, statutory reporting, monitoring operations, and potential fraud detection. " Glen J. Distefano, Chief Information Officer at SUNZ added, "We looked at numerous solutions and ultimately chose DTI in large part due to the system's robust capabilities and flexibility. We also needed a solution partner who was both willing and able to customize the solution to our needs to support our best-in-class philosophies. In DTI, we found the unbeatable combination of a solution and team to meet or exceed all of our requirements." Distefano continued, "DTI's ASP offering was of particular interest to us beyond just the obvious cost benefits. After last year's hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation. For a lists of past seasons, see:
Sam Fang, DTI's President, commented, "We thank SUNZ for selecting DTI and joining our growing list of OASIS Workers' Comp clients. They are representative of the new breed of insurance company that is choosing to focus on their 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 SUNZ Insurance Company (SUNZ) Founded in 2005, SUNZ provides workers' compensation coverage to a select and controlled group of Professional Employer Organizations, Staffing Companies, and other preferred large risks. Its mission is to employ proven underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. principles and procedures, while demonstrating a commitment to prevention and control of loss. All of this with the long term goal of underwriting and operating profitability demonstrated in managed growth and surplus accumulation. SUNZ is headquartered in St Petersburg, Florida. For more information, visit the company's website at www.sunzinsurance.com. About Delphi Technology, Inc. (DTI) Founded in 1989, DTI provides the risk and insurance industry with high performance information systems. DTI's mission is to provide customers with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology. Headquartered in Boston, with offices in New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , NJ, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA, and Shanghai, China, DTI offers the OASIS suite: a wider, richer array of information systems than is commonly available from one firm. DTI's staff has deep knowledge of insurance practices, enabling them to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. OASIS systems to meet the needs of the smallest to the largest insurance organizations. As well as offering OASIS through a traditional software-licensing model, DTI also offers the software via an application hosting arrangement (ASP). For more information, visit the company's website at www.delphi-tech.com. |
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