ARNOLD FISHER INSURANCE PICKS SAAS PORTAL SOLUTION
Conshohocken, Pa,-based UniRisX Ltd. has been selected by U.K.-based Arnold Fisher Insurance to help the firm launch a Web-based business-to-consumer portal for the company's European Property Owners and Liabilities division.
The product is the first of several UniRisX solutions the company will employ to achieve faster business growth and greater control of their product and distribution networks.
The UniRisX solution is designed to enable Arnold Fisher Insurance to launch new products at significantly faster speeds, increase customer satisfaction ratings, create distribution networks and manage the full lifecycle of their insurance policies over the Web. The company says the solution incorporates straight-through-processing to deliver cost savings by automating paper handling and manual systems.
"UniRisX's proven global track record and fully hosted, Web-based solution made them the clear choice to help us rapidly set up and distribute products with greater efficiency and control," says Stuart Burt, regional director, Arnold Fisher Insurance Services. "The flexibility of the system will enable us to eventually add other products and distribution channels with our own business users, enabling us to achieve even greater control of our customer and product networks."
MICHIGAN MILLERS UPGRADES BILLING SYSTEM
Michigan Millers, a Lansing, Mich., property/casualty insurer, is in production with the application outsourcing model for the FAB Web-based billing system, version 6.2 from Brookfield, Wis.-based StoneRiver. The new release uses an upgraded architectural framework designed to improve performance from the previous release.
"We were extremely pleased when the month-end processing with FAB 6.2 allowed us to complete the monthly cycle in less than 90 minutes," says John Parsons, controller at Michigan Millers.
StoneRiver's Java-based FAB billing system is designed to manage the complexities of property/casualty premium billing. FAB supports personal and commercial lines of business in any combination: agency, account and group/special billing, even with different effective and expiration dates. FAB provides capabilities for agency reconciliation, application tracking, receivable and cash processing, electronic funds transfer and more.
THREE COMPANIES SIGN CONTENT MANAGEMENT DEALS
Vertafore, a Bothell, Wash.-based provider of software and services for the insurance industry, says that three new customers have selected its ImageRight content management and workflow solution.
The companies that recently purchased Vertafore's ImageRight are Greeley, Colo.-based insurance brokers Flood and Peterson Insurance Inc., Cranford, N.J.-based wholesale brokerage intermediary Leon G. Silver & Associates Ltd. and Star & Shield Services LLC, a Tallahassee, Fla.-based insurance agency.
The company says the ImageRight solution extends the useful lifecycle of insurance documents and brings continuity, consistency and regulatory compliance to data, and document processes for insurance organizations on a daily basis.
ASSURITY LIFE GOES LIVE WITH IPIPELINE E-APPLICATION
Assurity Life Insurance Co., Lincoln, Neb., went live in July with Go/No-Go capabilities for the submission of iGO e-App from Exton, Pa.-based iPipeline Inc. The Go/No-Go is designed to enable an electronic insurance application to be routed within an independent sales channel through a distributor, general agency or office of supervisory jurisdiction in a broker-dealer. The e-Application provides carriers, distributors and their agents with unique selling and straight-through processing advantages including e-signature and e-submission, according to iPipeline.
The Go/No-Go feature of iGO e-App with e-Signature and e-Submission is currently available for Assurity Life's Term Life and Simplified Products including whole life, disability income, critical illness and accident.
"Our goal is to drive productivity, reduce processing time and get our agents paid faster," says Pat Criger, director of new business services, Assurity Life. "We are also pleased that we have improved the consumer experience by eliminating delays and unnecessary paperwork."
(c) 2009 Insurance Networking News and SourceMedia, Inc. All Rights Reserved.
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