New Policy Admin System Shines Bright for Buckeye Insurance
[ Source: Insuresoft ]
June 2006-
Buckeye Insurance Group had spent 20 years enhancing its legacy system, and its problems and limitations were becoming obvious. Staffing (and turnover) was becoming a major issue. In September 2000, Buckeye went live with Insuresoft's Diamond 4.0. Within six months, data conversion for the personal-auto line was complete, and 10,000 policies were in the system.
Cincinnati Financial Rolls Out Automated Policy Issuance with Insuresoft's Diamond System
[ Source: Insuresoft ]
September 2006-
When The Cincinnati Insurance Companies needed to automate their personal lines policy issuance process, they chose Insuresoft’s Diamond System built on Microsoft architecture. It allowed the Ohio-based regional insurer to create a system around the entire policy administration life cycle from point of sale to billing to back-office processing. Cincinnati Insurance reviewed personal lines offerings from several vendors before selecting Insuresoft, based in University Park, Ill. Cincinnati’s developers added company and state-specific underwriting rules, ....
Insuresoft User Group Meeting - A Unique Tradition for Policy Administration Systems
[ Source: Insuresoft ]
June 2006-
Insuresoft’s User Group tradition began in 1997, initiated by a group of Diamond System users looking for an avenue to discuss their software needs and recommend areas for improvement and enhancement. Since then, the User Group has grown in size and the purpose has evolved. Today, the User Group is a full two and a half day event focused on future Insuresoft developments and sharing progressive ideas between industry professionals.
Cincinnati Equitable Insurance Company - Improved Service Through Insuresoft Real-Time Technology
[ Source: Insuresoft ]
January 2007-
For 12 years Insuresoft and Cincinnati Equitable have worked together, expanded together,
and improved together. Insuresoft provided more than just a policy administration product solution -- Insuresoft delivered a full-service team. To Insuresoft, Cincinnati Equitable is not a customer, but rather a business partner. Through their partnership, both companies have achieved a high level of success, and will continue to do so in the future.
Nevada General Insurance Company & The Diamond Data Warehouse from Insuresoft
[ Source: Insuresoft ]
May 2008-
Managing data became an integral part of why Nevada General Insurance Co. (NGIC) selected The Diamond System from Insuresoft as their policy processing insurance software system. Not only would Diamond help process NGIC’s policies, handle claims, billing and rating, but Diamond also provided NGIC with a central repository for data that would house past and future transactions in one area – The Diamond Data Warehouse.
Buckeye Insurance Group Achieves Growth and Expense Objectives with New Administration System
[ Source: Insuresoft ]
June 2008-
The experience of Buckeye Insurance Group shows how replacing a legacy policy administration system with a single solution vendor, capable of cost-effective end-to-end application maintenance outsourcing, can support achievement of growth and expense business objectives. Successful utilization requires a vendor with solid base functionality and robust architecture and a client company with strong corporate commitment to using the system as designed and migrating to new versions as the system evolves.
State Auto Expands into New Markets and Keeps Pace with Technology, Fueled by CSC’s Software
[ Source: CSC ]
March 2006-
Over the past decade, State Auto’s growth was fueled by four acquisitions – Milbank, Midwest Security, Farmers Casualty and Meridian insurance companies. The last acquisition, which was migrated to CSC’s Series II system in 2005, pushed State Auto above the million-policy mark, boosting revenues to more than $1 billion in P&C premium. Now more than 3,200 independent agents in 27 states throughout the Midwest and Southwest are doing business with State Auto. The company wanted ....
Southern Farm Bureau Casualty Improves Services, Management Information with CSC’s Exceed
[ Source: CSC ]
March 2005-
Southern Farm Bureau Casualty Insurance Co., a $2.1 billion multi-line property and casualty carrier, was looking for ways to give agents, and ultimately policyholders, immediate access to its insurance services. The Mississippi-based carrier doing business in seven states faced a challenging technical problem. Information on more than 3.1 million policies was stored in separate systems, driving up IT costs for a variety of tasks, such as management reporting and regulatory compliance, and making them difficult ....
GE CyberComp Launches Insurance Business in 30 Days with CSC’s BPO Solutions
[ Source: CSC ]
March 2006-
GE CyberComp, a division of GE Commercial Insurance, needed to restart a successful workers’ compensation portal, under new ownership, with the ability to conduct business in every U.S. region – in 30 days. GE CyberComp opted for CSC’s business process outsourcing (BPO) services to provide customer service, policy administration, billing and technology support. The company issued its first policy 30 days after acquisition, sold 3,000 new policies within six months, and had $200 million ....
Speeding Delivery - York Fire maintains competitive edge by adopting iter8's exception-based underwriting technology
[ Source: iter8 Inc. ]
September 2007-
York Fire and Casualty Insurance Company, a subsidiary of Kingsway Financial Services Inc., recognized that in order to support the company’s rapid growth major changes in underwriting were required. Manual processing needed to be phased out, and a flexible, user-friendly system needed to be brought in. The challenge was to automate underwriting and rating to increase efficiency, improve speed of processing, attract new brokers, and improve policy holder retention. ....