Software manages entire insurance policy lifecycle.March 25, 2008 -
Leveraging SOA and tools-based technology platform, Authority Suite® v3.0 helps Property and Casualty insurance providers increase workflow efficiency, streamline policy processing, and integrate with internal enterprise systems. Policy administration system interface allows for selection of preferred workflow, while out-of-sequence processing automates conflict checking and resolution. Standardized rating worksheet, also included, integrates with pre-built product templates.
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Original Press release
Camilion Solutions Inc.
123 Commerce Valley Drive East, 6th Floor
Markham, ,
Canada
Camilion Solutions Announces Authority Suite® Version 3.0
New features include fully automated out-of-sequence processing, enhanced integration framework, standardized rating worksheet and improved user interface
TORONTO, March 18 -- Camilion Solutions, a leading provider of insurance product development solutions and next-generation policy administration systems, today announced the release of Authority Suite(R) V3.0, the company's next-generation policy administration system for the Property and Casualty insurance market. Built on the industry's most modern, tools-based technology platform, this newest release of Authority Suite allows insurers to increase workflow efficiency, streamline policy processing, easily integrate with internal enterprise systems through web services and improve ease of doing business.
Authority Suite V3.0 includes an easy to navigate user interface providing an intuitive user experience and reducing time and effort required for users to process policies, in particular large risk submissions. Users can administer submissions using a business-friendly interface that allows them to select their preferred workflow. The fully automated out-of-sequence processing automates conflict checking and resolution, reducing manual touch points and enabling underwriters to focus their efforts on revenue-generating tasks. Underwriters can also leverage a standardized rating worksheet integrated with pre-built product templates for commercial and specialty lines. The rating worksheet is accessed through Authority Suite's consolidated underwriting workstation where underwriters can rapidly manage rating overrides and adjustments for all products to significantly improve efficiency and ease of doing business.
This new version also incorporates a Generic Interface Web Service (GIWS) module that provides an enhanced, open integration framework. Insurers can now easily integrate with complementary internal enterprise systems such as document automation and external resources like address validation and termination services.
"Authority Suite continues to hold the lead as the most modern, flexible and proven next-generation policy administration system available today. We have already implemented two customers on Authority Suite since introducing it at the ACORD LOMA conference last May. With this latest release we further empower and elevate the role of underwriters by streamlining processes to allow them to focus on increasing revenue while we reduce expenses." said Ross Orrett, Camilion's President and CEO.
About Authority Suite
Leveraging a Service-Oriented Architecture and built on the most modern, tools-based technology platform, Authority Suite supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind, issuance, and all the required policy endorsement functionality, while enabling simplified integration to other enterprise systems. Authority Suite, which features a consolidated underwriting workstation and straight through processing (STP), is powered by Camilion's ProductAuthority(R), the world's only "pure" product configurator built from the ground up for insurance. Authority Suite truly separates product from process. All product data and rules are externalized in a central repository, where products can be rapidly configured - without impacting policy transactions and business workflows that dictate how they are sold, serviced and administered.
About Camilion Solutions Inc.
With customers who are the world's largest insurers, Camilion Solutions, Inc. (authoritysuite.com) uses its deep knowledge of insurance to create software solutions that enable insurers to develop new or modified products more quickly than competitors, automate underwriting, enable straight-through processing for online sales, and deploy an agile, modern technology platform to better support current and future growth. Camilion is a privately owned corporation established in 2001 with offices in Toronto and New York.
Authority Suite(R) and related names are trademarks of Camilion Solutions, Inc. All other products and services mentioned are trademarks of their respective companies.
CONTACT: Gwen Lannaman, Camilion Solutions, T: (905) 482-3452, M: (416) 922-9557, gwen.lannaman@camilion.com
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