American Access Casualty Company has gone live with SpeedBuilder Systems, Inc’s BindExpress rating and underwriting modules, the company announced today.
AACC will deploy BindExpress in Arizona, Indiana and Nevada and will add Illinois by the end of the summer. The software enables the auto insurer to make, test, and deliver rating changes with limited involvement from IT. When full implementation is completed, the BindExpress will manage upwards of 1.5 million rating calls annually, with a gross premium volume of over $300 million.
“With BindExpress, my department can react quickly and efficiently to the ever-changing non-standard auto market in which we compete. The quick turnaround ensures that product and pricing improvements can impact our bottom line much sooner,” said Matt Reznicek, director of pricing and product at AACC, in a statement. “The speed to market and flexibility are the obvious benefits; however, I sleep better knowing that exceptions, premium leakage within rating, and errors have been virtually eliminated by managing our product rules and rating with BindExpress.”
