Camilion Solutions, a provider of insurance product development solutions and modern P&C policy administration systems designed to create enterprise product agility, reports that Mid-Continent Group, a member of American Financial Group, has selected Camilion Authority Suite as their policy administration system.
Authority Suite will support Mid-Continent Group's commercial lines in all 50 states. In production with some of the world's largest insurers, Authority Suite has provided same-day policy issuance, and has been proven to reduce policy administration and product development costs by 25% while enabling the development of new products in weeks, not months, reports the company.
"Mid-Continent Group realizes that now is the time to prepare for the economic rebound, and that the right policy administration system will play a pivotal role in creating new market and revenue opportunities," says Jim Davis, VP, Commercial Underwriting, Mid-Continent Group. "Camilion's Authority Suite is a modern, configurable, Web-based solution that will give us the flexibility and agility we need to support our future growth while helping us meet our objective to optimize service to our agents. With sophisticated product configuration capabilities that allow trained business users to modify and develop their own insurance products, and Camilion's proven knowledge transfer program, Authority Suite will give us the self-sufficiency we want."
Leveraging a service-oriented architecture (SOA) and a rules-based technology platform, Authority Suite supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind, issuance, all the required policy endorsement functionality and easy integration to other enterprise systems. Authority Suite, which features a consolidated underwriting workstation and straight-through processing, is powered by Camilion ProductAuthority, a product development and management solution. ProductAuthority creates agility by externalizing all product data and rules from multiple, hard-coded operational systems into a central product repository, where complex products can be easily configured and modified.
"Our first mid-market customer, Mid-Continent Group will reap the benefits of a modern policy administration built to provide the functionality, agility and expense reduction that Tier 1 insurers have been demanding," says Ross Orrett, Camilion's CEO and president. "This win proves that Authority Suite is a solution that can effectively "scale down" to meet the needs of the mid-market. We appreciate the confidence that Mid-Continent Group placed in our proven solution and our track record when they made the decision to purchase Authority Suite."
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access