Xcipio's Successful Pilot Program Spearheads Single-Point-of-Entry Access to Leading Industry Sales, Service, and Distribution Systems.Business Editors/High-Tech Writers LAWRENCE, Mass.--(BUSINESS WIRE)--March 17, 2003 Burns, Brooks & McNeil, headquartered in Torrington, CT and one of New England's largest independent insurance agencies, has implemented XcelerRator(TM) to provide the company and its six branch offices with web-based, single-entry access to multiple industry systems used in the insurance sales, service, and distribution process. "We are delighted to have an agency with the reputation and size of Burns, Brooks & McNeil as our pilot," said David Cooksley, Xcipio'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. . "They have made some excellent work-flow suggestions, which we have implemented to further enhance the platform," he said. "We have spent a lot of time over the last two years building, testing and de-bugging the system in-house, but you never really know what's going to happen until you put it into a real-world environment," he added, "so far, the system has performed flawlessly flaw·less adj. Being entirely without flaw or imperfection. See Synonyms at perfect. flaw  less·ly adv. , and we are thrilled!" XcelerRator(TM) gives users a single-point-of-entry and simultaneously accesses comparative rating sources, carrier host systems, ChoicePoint (MVR MVR In currencies, this is the abbreviation for the Maldive Rufiyaa. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , CLUE, Credit), and agency management systems to produce comparative rated, underwritten, and tiered quotes - in real-time. The pilot program, which was released January 16th, is being hosted at Burns, Brooks & McNeil headquarters. It includes 16 auto carriers Auto carriers can be:
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: ChoicePoint to provide Xcipio with full ChoicePoint data access: Central Insurance Companies Middlesex Mutual Patron's Mutual Peerless/Netherlands Royal/SunAlliance Four additional carriers will be added to the list later this month as Xcipio continues its carrier roll out. Stephen Todd, CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use , CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. , CPIA CPIA Canadian Plastics Industry Association CPIA Country Policy and Institutional Assessment CPIA Canadian Printing Industries Association CPIA Colorado Photonics Industry Association CPIA Chemical Propulsion Information Agency , Assistant Vice President of Burns, Brooks & McNeil is excited to be the first agency to offer his customers real-time comparative rated, underwritten and tiered quotes: "Our company sees tremendous workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. productivity gains both for our new business and renewal business, delivering comparatively-rated, underwritten, and tiered quotes to our customers - faster than any other agency in the industry; which translates to improved customer service and retention, Stephen said." "It is pretty amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. to watch XcelerRator(TM) in action," he commented, "the system has the ability to simultaneously access all the industry systems we use in our business from a single-point-of-entry, and we only have to enter the data we need one time." "It wraps carrier specific 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. questions around the rating engine we currently use, while it simultaneously retrieves the ChoicePoint data we need," he added. "The eligibility guesswork is eliminated, since XcelerRator(TM) automatically determines the risk and the appropriate carrier tier," he went on. "A comparatively-rated auto and home quote that used to take us 90 minutes can be completed in 20 minutes using XcelerRator(TM), Stephen said. "XcelerRator(TM) automatically pre-fills other product lines, applications, and carrier specific supplemental forms with the client data we've entered, which means it takes us even less time to generate quotes for additional products," he said. "In addition, imminent integration to our agency management system will further accelerate the entire process for renewals, endorsements and cancellations," he added. The XcelerRator(TM) communication platform is built using Java/XML, and can translate almost any kind of file format. The modular system has been architected for fast integration to carrier host systems, third party rating vendors and agency management systems. Standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. screen formats for carrier billing and claims inquiry will be available end of second quarter. About Burns, Brooks & McNeil: Founded in 1861 and headquartered in Torrington, CT, Burns, Brooks, McNeil has 6 Connecticut branch offices and represents over 50 insurance carriers, offering both personal and commercial lines, life, health, and a complete array of financial service products. www.burnsbrooksmcneil.com About Xcipio, Inc. Headquartered in Lawrence, MA, Xcipio has built a communication platform that enables insurance carriers, third party rating vendors, third party data vendors and agency management systems to communicate in real-time via the web. www.xcipio.com |
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