Insurance Software has accelerated document creation features.July 10, 2009 -
Combining document assembly software with insurance-specific requirements, InsuranceAccelerator(TM) automates any insurance document from quoting phase through policy generation. Template-driven solution, with feature set aimed towards brokers and underwriters, incorporates rating engine, quote comparison capabilities, and complex clause library management. Software also lets users assemble pure PDF Forms together with bespoke documents into complex insurance policies.
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Original Press release
Exari Systems, Inc.
800 Boylston Street
Boston, MA, 02199
USA
Exari Announces Major New Release of InsuranceAccelerator(TM)
Lloyds' broker Croton Stokes Wilson achieves 50% reduction in document creation time
Boston, MA -- June 30, 2009 -- Exari Group Inc., a leading document assembly software company, announced today a new release of Exari InsuranceAccelerator(TM). This release includes specific insurance-related components-- from complex rating algorithms to the organization of hundreds of market clauses-- and easily automates any insurance document from the quoting phase through to policy generation. The speed of template development enabled by Exari's re-use of insurance components makes the InsuranceAccelerator(TM) unique.
With Exari's InsuranceAccelerator(TM) we've seen a 50% reduction in the time it takes us to generate our placing and client documents
We're now able to handle our increased volumes without the need for any additional staff while also improving response times to our clients.
Exari's InsuranceAccelerator(TM) will help us achieve our reform agenda by efficiently automating a library key of documents such as quotes, policies and client letters.
Exari has been focused on the insurance sector since our inception
As a document-intensive industry, it is an ideal candidate for the time savings and risk reduction benefits that Exari can provide.
Exari's InsuranceAccelerator(TM) demonstrates our understanding of the needs of the Global Insurance Market. It includes a long list of features requested by both brokers and underwriters.
Exari's InsuranceAccelerator(TM) (exari.com/insuranceaccelerator.html) is being used by two of the top five Lloyd's Syndicates, in addition to other London Market and global insurance and reinsurance customers.
"With Exari's InsuranceAccelerator(TM) we've seen a 50% reduction in the time it takes us to generate our placing and client documents," said Tim Stokes of Croton Stokes Wilson. "We're now able to handle our increased volumes without the need for any additional staff while also improving response times to our clients."
Teresa Beach, Head of Transformation at Catlin said, "Exari's InsuranceAccelerator(TM) will help us achieve our reform agenda by efficiently automating a library key of documents such as quotes, policies and client letters."
"Exari has been focused on the insurance sector since our inception," said Terry Lee, Exari President. "As a document-intensive industry, it is an ideal candidate for the time savings and risk reduction benefits that Exari can provide."
Martin Kett, Exari VP of Insurance Client Development adds, "Exari's InsuranceAccelerator(TM) demonstrates our understanding of the needs of the Global Insurance Market. It includes a long list of features requested by both brokers and underwriters." Exari's insurance team has 20+ years experience in developing commercial insurance e-Trading solutions and has worked at industry leaders such as Marsh and Lloyds.
The software combines Exari's patented document assembly software with insurance specific requirements. InsuranceAccelerator(TM) features include:
Complex Clause Library Management
Rating Engine - in built logarithms or interface with existing databases
Quote Comparison Features
Completion of ISO and Acord "fill-able" PDF Forms
Ability to assemble pure PDF Forms together with bespoke documents into complex Insurance Policies
Bordereau and MI Reporting capability
Integration with SalesForce.com to enable Brokers and Underwriters to manage their sales process and more easily maintain Quotes and Live Policies
Exari (www.exari.com) is a global leader in automated document assembly for large enterprises. Exari's intuitive web-browser interface empowers business people to create their own contracts using the templates created by their legal department. This approach accelerates the contracts process and reduces the burden on busy legal departments. The Exari system reduces costs, cycle time and risk, and is used worldwide by legal, procurement, sales, insurance, banking and government professionals. Customers are supported from Exari offices in Boston, London, Munich and Melbourne. Try a demo of our contract automation software.
CONTACT:
Adine Deford, Exari
(617) 938-3777
exari insuranceaccelerator exari group document assembly software document assembly insurance lloyds syndicates automated document assembly document creation contract automation software
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