Integration of e-commerce, underwriting, and policy administration is at hand. Milliman & Robertson (M&R, at www.milliman.com) and Data Executives International (www.deinet.com) made available DEI's WinRisk, a new business/underwriting solution, augmented by M&R's FAST (Flexible Administration System Technology) policy administration system.
WinRisk is networked-computer and Web based to make processing for rapid product instructions more cost effective. The companies suggest it can be implemented at the customer's site and have a product ready to market in less than 90 days. The product uses Microsoft's Active Server Page technology and offers third-party administration options.
“As the insurance industry merges into the financial services industry, companies face a greater need to reduce the time required to implement new insurance products,” said Pete Deakins, director of the FAST product at M&R. “FAST and WinRisk address this issue head on.”
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