Camilion Solutions, a Toronto-based provider of product management and underwriting solutions for the insurance industry, announced Nov. 15 a "Preferred Partnership" with ISO Rating Service. The partnership will enable Camilion to provide automated ISO-validated rating, forms and statistical information to property and casualty insurers, through Camilion Underwriter.
The announcement was made at the ISOTech 2004 conference in New Orleans.
Camilion Underwriter incorporates the necessary components to create an effective and sustainable rules-based enterprise underwriting solution, the company states. Camilion Underwriter provides tools to centralize and automate work management and underwriting processes, and collaborate electronically with producers and customers.
"Straight-through processing, robust rating and rules engines, predictive modeling, risk segmentation, and product management are all critical cornerstones of underwriting and necessary for conducting competitive and profitable business today," says Deborah Smallwood, Vice President of TowerGroup's insurance practice.
"Insurers must embrace the basic technologies readily available in the marketplace to make underwriting more effective and efficient. With partnerships and alliances among software vendors, insurers are provided with integrated enterprise solutions that ultimately, improve time to market and drive down costs."
Source: Camilion Solutions
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