Exigen Insurance Solutions has released Exigen Pre-Configured Solution Packages, which, the company said offers more than 80 percent of core systems functionality required by P&C insurers. It uses the configuration capabilities of the Exigen Suite multi-line platform for policy administration, billing and claims management to reduce the technology and business risks associated with core systems replacement. Exigen said Pre-Configured Solution Packages can cut implementation times by half and save as much as 40 percent in average costs.
“The history of core systems replacement for insurers tells us that a decision to acquire a software package can be a risky proposition,” said Alec Miloslavsky, Exigen’s executive chairman and CEO. “Only 20 percent of projects deliver on time and within budget. This is largely because many projects are still heavily reliant on software code customization to deliver promised functionality, as opposed to rich, underlying base code supported by extensive configuration capabilities. Insurers can run their companies on what we provide in our base pre-configured solutions.”
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