Bankers Financial Corp., an insurance, business applications and surety company, has selected the Unirisx Insurance Suite as its new platform for underwriting, billing and policy administration. The suite is a product of Unirisx, a company offering SaaS-based policy management applications for the P&C marketplace.
Bankers will implement the application across all lines of business it writes, including the company's TPA business. Unirisx will be implemented via a software-as-a-service model for policy lifecycle management. This includes product configuration, underwriting, rating, billing and document management functions for all personal and commercial lines of business.
Bankers selected Unirisx to help meet business transformation goals. Bankers can increase operational effectiveness, improve business agility and grow profitably, said Unirisx. Bankers evaluated several policy administration applications, choosing Unirisx for its architecture, offering, workflow and configuration capabilities. Unirisx's features will provide Bankers with an application that offers speed-to-market, said Bankers.
"Unirisx recognized our continued commitment to innovative use of technology to deliver genuine business value as well as provide superior service," said Bankers' president, Bill Martin. "Our focus centered around finding a solution which would also enable us to improve overall insurance operations through a technology modernization initiative that puts our clients first.”
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