NEW YORK--AIG Technologies, Inc. (AIGT), a member company of American International Group, Inc. (AIG), today announced the launch of WINS Now, a Web-based insurance processing system designed to streamline policy administration and increase speed to market for Managing General Agents (MGA) and small property-casualty companies, including start-up and virtual insurers.
WINS Now integrates policy administration, billing and claims management transactions to support more than 35 personal and commercial lines of business. Through an application hosting model that utilizes AIGT's data center facilities, the system can be implemented in as little as 60 to 90 days, enabling companies to gain operational capabilities quickly and bring lines of business to market faster.
"There is growing momentum in the MGA market and among small property-casualty insurers to deploy web-based applications to optimize workflow, productivity and performance," said Paul Madarasz, President of AIG Technologies. "WINS Now was created to help insurers meet and better react to today's technical and business demands, while satisfying insurance application processing requirements at lower operating costs."
Other key features and benefits of WINS Now include:
Full policy administration, including quoting, rating, installment billing and policy issuance;
Anytime, anywhere access for employees, agents and carriers;
Customer Relationship Management, statistical and bureau reporting; and
Utility model pricing structure with a minimal start-up investment.
Source: AIGT
