INSURERS PUT NEW PRODUCTS TO THE TESTIMPLEMENTATION.
Company: Accenture
Product: Accenture Underwriting Components Solution
Web Site: www.accenture.com
Personal and commercial lines business units at Firemans Fund Insurance Company have selected Accentures new underwriting solution, Accenture Underwriting Components Solution. We intend to transform our underwriting operations across all lines of business, giving our underwriters the tools and flexibility to adapt quickly to market changes to help improve risk-management decisions and bottom-line results, says Bob Eichenberger, vice president of front-office product management at Firemans Fund.
Accenture Underwriting Components Solution is a Web-based software platform designed to help improve the efficiencies of insurers underwriting systems through diagnostics and rules-based technology. It supplies underwriters and operations staff with an integrated platform to better leverage their own best practices in risk selection and pricing, automate underwriters routine tasks, and allow underwriters to focus on value-added activities, such as managing accounts more efficiently and segmenting and evaluating risks more effectively.
Accenture offered an invaluable software asset for automating underwriting processes as well as a plan for helping us quickly implement our goals for seamless customer service, says Eichenberger.
The solution is built on the Microsoft .Net platform, which can enable insurers to conduct underwriting transactions through the use of Web services. By automating routine tasks and enhancing its account management capabilities, Firemans Fund should gain a more disciplined underwriting process, helping it to sustain positive results through fluctuating market cycles, says Gail McGiffin, a partner in Accentures insurance industry group.
Among the features of the Accenture Underwriting Components
Solution are:
A common integrated account file that provides pertinent information related to the account and underwriting activity.
Rules-based and scenario-driven work- flow and document management.
Intelligent and dynamic data-capture frameworks that guide underwriters in gathering critical information for assessing ex-posures and determining optimal account terms and pricing.
External data aggregation and report ordering for segmentation, verification, and analysis.
SHOPPINGCART
Company: NSite Solutions
Product: NSolutions v4 for .Net:
Web Site: www.nsitesolutions.com
NSite Solutions Inc., a supplier of integrated claims technology, service, and partner networks for the property/casualty insurance industry, has released NSolutions v4 for .Net, a Web-based connectivity platform that helps insurers to close claims faster and at a lower cost, boosting customer satisfaction.
NSolutions aims to speed up the dispatching, tracking, and paperless reporting of auto and property claims. From initial reporting and dispatching to digital imaging of claims documents, NSolutions centralizes the claims process in an effort to make it easier for company staff, independent adjusters, glass and body shops, service providers, and contractors to send, receive, store, and view work products and estimates, regardless of their different systems, according to the company.
NSolutions also automates manual processes, has secure user access and simple-to-use business rules, and imports and translates various estimating packages. It is hosted at NSites carrier-class data center, making the system fast and safe to access at any time. NSolutions overlays and extends existing claims management systems, making expensive technology replacements unnecessary, says the company.
NSite built NSolutions to integrate with its managed service programs and open, independent partner networks, which are part of its auto and property claims connectivity offerings.
NSolutions integrates with the NSite Managed Services Group, comprised of several programs staffed by NSite claims process experts, including: NSite claims call center in Des Moines operating every day around the clock; first notice of loss (FNOL) services; auto glass program services, managed by NAGS-certified personnel; estimate-review program services; salvage program services; and dispatch and management services.
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