Related Items
  FREE Insurancenetworking.com Site Registration!
Sign up today and access the leading source of Insurance I.T. information on the Web.

Your FREE site registration entitles you to

FREE Insurance Networking eNewsletters

Search more than 7 years worth of archived data

White Papers and Industry Research that provide valuable insights on a variety of technologies and implementation issues

Access our Web Seminar series

   

Who's Buying What: Recent deals for technology software and services

October 2007

COLONIAL SELECTS IWORKS

Colonial Life & Accident Insurance Co., Columbia, S.C., selected iWORKS NAVIGATOR, a life insurance and annuity illustration system from SunGard Data Systems Inc., Wayne, Pa. SunGard's iWORKS NAVIGATOR Illustrations is an integrated, Web-based or desktop solution designed to enhance the sales process and incorporates functionality for life insurance and annuity illustrations and quotes.

Colonial will use iWORKS NAVIGATOR to illustrate its universal life products. iWORKS NAVIGATOR will be added to the company's business workflow, integrating with two existing systems: the new business and policy issue systems. Colonial will issue policies after generating the illustration and use SunGard's co-designer authoring tools to help develop and modify products. The co-designer tools will assist Colonial with cloning existing products, making rate changes, changing product input screens and modifying presentations.

GUY CARPENTER ADDS LOCATION INTELLIGENCE

Pitney Bowes MapInfo, Troy, N.Y., a global provider of location intelligence, integrated its location intelligence technology into i-aXs, an online risk management platform developed by New York-based Guy Carpenter & Co. LLC, a risk and reinsurance specialist. With the added component of location intelligence, i-aXs is designed to enable insurers to analyze and visualize their portfolio exposures and losses at a granular level, helping them make more informed reinsurance purchase decisions.

Guy Carpenter already leveraged McLean, Va.-based MicroStrategy Inc.'s business intelligence technology within its i-aXs platform and sought a way to more efficiently analyze and report data from a location perspective. It integrated the Pitney Bowes MapInfo location intelligence component with its MicroStrategy business intelligence platform and, as a result, ceding insurance companies can use location intelligence while concurrently accessing a range of enterprise reporting and analytic solutions.

PITNEY BOWES MAPINFO ALSO ENABLES

i-aXs to utilize the output of standard catastrophe model applications, says the company. Users are able to seamlessly generate maps of a catastrophe exposure based on reports as well as create reports based on maps.

EBIX SIGNS THREE CONTRACTS

Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, has signed contracts with three insurers to license and deploy back-end insurance company systems.

Ebix's Infinity carrier system division signed contracts with Princeton, N.J.-based Princeton Insurance Co., Houston-based HCC Insurance Holdings Inc. and Uniondale, N.Y.-based Wright Risk Management, to license and implement its Infinity brand of carrier systems to these companies.

The three contracts have a cumulative value ranging between $12 million to $18 million, based on the amount of professional services work that is billed to the three insurance companies.

MICHIGAN BASIC PICKS INSURITY SOFTWARE

Michigan Basic Property Insurance Association, Detroit, selected Alpharetta, Ga.-based ChoicePoint Asset Co.'s Insurity to provide policy administration, claims and reporting services. Michigan Basic will implement Insurity's Policy Decisions, Claims Decisions and Reporting Decisions software to manage its homeowners, residential fire, crime and commercial property business.

According to Kay Robinson, manager of information systems and support for Michigan Basic, a new service vendor needed to meet several key criteria: their technology had to run on the Microsoft .NET platform, use XML and be fully Web-enabled.

Michigan Basic was impressed with Claims Decisions' workflow and messaging, Robinson says. "It's a tight, all-inclusive package that will give us straight-through processing and consistent handling from start to finish. Policy Decisions was equally impressive, boosting our efficiency from agency submission to built-in underwriting rules."

For more information on related topics, visit the following channels:


Agent Network

Vendor Spotlights