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IVANS Inc., Old Greenwich, Conn., has added new features to Transformation Station, which make it easier for carriers and agents to communicate in real-time. The features include the ability to send and receive attachments, receive alerts regarding activities such as claim actions or cancellations, streamline endorsement processing and conduct Web site navigation and sign-on. Transformation Station is an Internet-managed data exchange using Web services and ACORD XML to enable real-time transactions between insurance carriers and independent agents and brokers."The Web services based, real-time model allows us to provide our agency, company and vendor partners with new, innovative types of transactions that will have a positive impact on agency-carrier workflows," says Janice Sheffield, divisional vice president for IVANS. Transformation Station is currently growing at a rate of 28% per month in transactions, and growing to the level of what it took 10 years for batch transactions to reach.
April 16 -
SIMSBURY, Conn. -- The Hartford Financial Services Group, Inc. today announced that Internet-based self- service reporting is now available nationwide to its group life and disability insurance customers, providing them immediate online access to standard reports that help them monitor and manage their group benefits plans.
April 14 -
ATLANTA-- Digital Insurance Inc. announced it has signed agreements with five additional employee benefits brokers to enhance the level of day-to-day service and product sales for a portion of their small group benefits business.
April 14 -
Hotel clients of Fireman's Fund Insurance Co, Novato, Calif., can now buy an extended package of online employee safety training that satisfies all OSHA requirements for hospitality industry employees, such as housekeepers, clerks, and bellhops.This service, which includes courses, testing and tracking, is offered by WebFire Training, an e-learning company endorsed by the American Hotel and Lodging Educational Institute. Fireman's Fund negotiated a month of complementary service for hotel clients of its iCustomer Series coverage when they subscribe to a year's safety training for their employees regardless of the customer's property size or employee turnover rate.
April 13 -
Selective Insurance Group Inc., Branchville, N.J., has completed the rollout of its integrated Web-based commercial lines system. "Web-based CLAS" offers policy quote, issue, endorsement and renewal processing for commercial lines products over the Web, directly from independent agencies."Web-based CLAS provides independent agencies with the speed, convenience and cost-effective power of straight-through processing," says Jeff Kamrowski, Selective senior vice president of business services. "In addition, the system automatically reviews business transactions to ensure consistency with our underwriting guidelines."
April 13 -
IVANS Inc., a Greenwich, Conn.-based provider of networking services for the insurance and healthcare industries is offering a new wireless fidelity solution (Wi-Fi) for insurance carriers that can significantly speed their ability to remotely process claims and improve customer service. The new Wi-Fi service is offered through IVANS business partner, AT&T.As the demand for Wi-Fi technology increases, so does the need for low-cost flexible solutions. According to data provided by The Yankee Group, a communications and networking research and consulting firm based in Boston, 14% of U.S. companies plan to implement the technology within the next twelve months, and another 14% plan to follow suit in the next two years. A recent IVANS study of large and mid-sized insurance carriers indicates that only 27.9% are currently using Wi-Fi technology to allow remote access to their systems by employees, highlighting the growth potential for Wi-Fi technology.
April 13 -
SUNNYVALE, Calif.-- Vitria, a leading provider of business process integration solutions, today announced that Premera Blue Cross, a Blue Cross Blue Shield Association independent licensee for Washington state and Alaska, has selected Vitria's Healthcare Solutions as the integration infrastructure to simplify, streamline and automate its transaction management processes.
April 9 -
As part of its effort to simplify and facilitate the insurance placement process for agents serving the small business sector, Zurich is offering online access to a wide range of policy documents through its eZSB Web site at www.ezsb.com.Key forms, such as declarations pages, schedules, forms listings, signature pages and automobile identification cards, can now be obtained and printed on demand. Documents are available within minutes of issuing the policy online.
April 8 -
Seattle-based Safeco Corp. has launched Safeco Now for property/casualty insurance--an online sales platform that integrates personal and small-commercial insurance product. Safeco Now is a streamlined Web site for independent agents and brokers that gives them access to 90% of their daily online work tools with just one click.The highlight of the system, according to Safeco, is the single-platform sales tool that enables distributors to quote and bind--in just minutes--seven major lines of P&C and surety business: personal auto, homeowners, business owners policy (BOP), commercial auto (fleet and non-fleet), workers' compensation, business umbrella, and surety (notary; license and permit bonds; court bonds; public official bonds).
April 8 -
AMSTERDAM and MILAN--Accenture has signed an agreement to acquire Nomos Sistema, a leading provider of life insurance administration and product management software systems in Italy. Terms of the deal were not disclosed.
April 8 -
Toronto, Canada--DWL, a provider of Enterprise Business Services software, today announced that Empire Financial Group has launched phase two of groupweb - an initiative to achieve proven cost reduction with web-based self-servicing capabilities for group business. Following on the success of Empire's initial implementation of DWL InsuranceT for Group Life and Health, which provides a password protected site for electronic plan administration, phase two of the project now adds full update and enrollment capability in real-time, using version 3.0 of DWL Insurance for Group Life & Health.
April 7 -
TORONTO, April 6, 2004 - SOLCORP, a leading provider of software solutions to the life insurance and financial industries and a subsidiary of EDS, announced today that it is co-sponsoring a global insurance survey in conjunction with partner companies Whitehill Technologies and DSPA Software.
April 6 -
Miami, FL-- SunGard Insurance Systems, an operating group of SunGard, announced today the SunGard VIP sales illustration system has been awarded the Designed for Windows XP logo certification. This certification is a result of a long-standing technology affiliation between SunGard Insurance Systems and Microsoft, further strengthening the Microsoft Gold Certified Partner relationship recognized for many years. SunGard VIP clients running on Windows XP can realize benefits such as greater application stability and efficiency; as well as, the assurance that the SunGard VIP system will be fully functional in later versions of Windows.
April 6 -
WebMD Corp., Elmwood, N.J., has entered into a definitive agreement to acquire Dakota Imaging, Inc., a privately held provider of automated healthcare claims processing technology and business process outsourcing (BPO) services.Dakota's scalable software and BPO services provide automation for mailroom, document processing, scanning, data capture, data scrubbing, automated workflow and online secure document management. Dakota's solutions can reduce costs associated with manual processing of healthcare documents and increase auto-adjudication and auto-payment of medical claims through advanced data scrubbing.
April 6 -
Insurity Inc., a ChoicePoint company, today announced that Georgia Casualty & Surety, a wholly-owned subsidiary of Atlantic American, has selected Insurity's Commercial Intellisys property/casualty policy processing services and software. A complete Web-based rating, intelligent underwriting and electronic issuance platform is being deployed across 11 states for workers' compensation, commercial business auto, general liability, commercial package and umbrella policies.
April 5 -
An Internet-only health plan for individuals and families, called Net Saver, has been introduced by Health Net Life Insurance Company, a Woodland Hills, Calif.-based health insurer.With Net Saver, there are no paper-based application or enrollment materials. Once a secure, encrypted online application is completed by an applicant, it is downloaded by the consumer for record keeping and submitted at the same time to Health Net for processing. Net Saver's online processes help to speed the application submission process. It's not uncommon for applications to be submitted in the middle of the night by Internet-based brokers such as EHealthInsurance.com, according to Health Net Life Insurance Co.
April 5 -
OLDSMAR, Fla. -- eAutoclaims today announced that it has secured a two-year contract with Michigan Millers Mutual Insurance Company. eAutoclaims will provide its national network of body shops and independent appraisers (IA) to process Michigan Millers' automobile and commercial heavy equipment physical damage claims.
April 2 -
New York, NY--Atlantic Mutual announced that it closed the sale today of its subsidiary, Atlantic Specialty Insurance Company, and the renewal rights to select commercial insurance business, including the unearned premiums on the acquired book, to OneBeacon Insurance Company, after receiving regulatory approval. The overall gross written premium for this book of business totals over $400 million.
April 1 -
Maine Mutual Group Insurance Co,, a regional provider with operations in Maine, Vermont and New Hampshire, has joined a growing number of companies that are partnering with Trusted Choice, the national branding initiative created to educate consumers about the benefits of using independent insurance agents and brokers.consumer branding initiative. Trusted Choice was created by the Independent Insurance Agents & Brokers of America (IIABA), Alexandria, Va., and its company partners to highlight the benefits independent agencies and brokerage firms offer consumerschoice of companies, customization of policies and consumer advocacy. Just two years after its inception, more than 3,500 independent insurance agencies and brokerages throughout the country are participating in the branding program.
April 1 -
If insurance carriers want their online shoppers to become online buyers, they need to give their customers more respect.That's a warning derived from recent analysis of 70 insurance Web sites that gave the insurance industry an average online Customer Service Index of 6.8 out of 10. Furthermore, the analysis reveals that although 93% of insurers post online privacy policies, 35% of them share customer data without the customer's permission.
April 1