Where Insurers
are Spending
with Insuresoft to implement
Diamond Access for Unique’s
agency users.In addition to personal auto, Stonegate says its
homeowners implementation
is currently in progress, along
with a planned rollout of commercial lines later this year.
and offers an attractive cost
model compared to internal
development, while allowing
Pacific Specialty’s staff to focus on other critical business
initiatives.
“We were impressed with
iPartners and the flexibility
their system offered,” said
Bill Guthrie, VP of Informa-
tion Technology, PSIC. “With
the wide range of options
and ways to look at our data,
including the quickly cus-
tomized dashboard view and
detailed policy-level data
analysis, iPartners’ solutions
give us a powerful tool to
more proactively and better
manage our business.”
to the 100 other managing
general agents with which it
does business.
Vgm inSuRAnCE
ChoosEs 4Sight Bi
Af TER SOME LEAN YEARS, insurers have a newfound
propensity for investments in information technology, a
survey by Cincinnati-based Ward Group discovered.
Indeed, the results revealed that IT spend is increasing
overall, with only 27% of companies reporting a decrease in
IT budgets from 2010 to 2011.
One of the prime areas for investment is in data warehousing, where 50% of respondents said they are budgeting more
money to better house data. “In our world of instant everything, companies want actionable information quickly and
efficiently,” the report states. To fill this need, half of the companies surveyed are investing in data warehouse activities.
Lastly, in a significant shift from 2010 strategy, more companies are increasing investment in desktop and server support, Ward Group found. The desire to leverage technologies
such as virtualization, and the decreasing cost of hardware
are spurring interest, the report states.
pACifiC SpECiAlty
and SouthERn
pionEER ChoosE
ipARtnERS
AtlAntiC
CASuAlty to
UsE oRAClE
doCumAkER
BARton
ImplEmEnts
BindExpRESS
Liberal, Mo.-based Barton
Mutual Group has implemented Columbia, S.C.-based
SpeedBuilder Systems LLC’s
BindExpress underwriting
and rating platform.
SpeedBuilder says the
portal offers sales-enhancing,
Rate-As-You-Go screens that
help agents provide real-time
counsel to insureds, displaying total policy premium
and individual prices at each
coverage level during the
quote entry process. BindExpress Underwriting powers
the portal’s once-and-done
processing for American Association of Insurance Services’
rates and rules, according to
SpeedBuilder.
“SBS delivered more func-
tionality than we requested,
hundreds of external configu-
ration settings, does indeed
reduce programming time and
cost. We expect this savings to
reduce future maintenance and
enhancement costs.”
Waterloo, Iowa-based VGM
Insurance has chosen 4Sight
Business Intelligence for Prop-
erty & Casualty Insurance from
Austin, Texas-based 4Sight
Business Intelligence Inc., a
provider of off-the-shelf prop-
erty/casualty specific business
intelligence products.
BRiCkStREEt
mutuAl opts
For VAlEn
Ston EgAtE
ChoosEs
inSuRESoft’S
diAmond SyStEm
Stonegate Insurance Co. is
implementing The Diamond
System, a policy administration system for agents writing
personal auto policies from
University Park, Ill.-based
Insuresoft.
Stonegate’s sister company, Unique Insurance, had
been using The Diamond
System since 2008 for its nonstandard auto policies in Illinois, Mississippi and Indiana,
which Stonegate says made
the decision to implement the
system easy.
Stonegate says Insuresoft
is working to integrate Unique
with Chicago-based Quotepro,
a comparative rater, and will
establish a separate project
Jonesboro, Ark.-based South-
ern Pioneer Property and
Casualty Insurance Co. will
use iPartners LLC’s Insurance
Scorecard business intel-
ligence solution. iPartners,
an Atlanta-based provider of
software-as-a-service busi-
ness analytics solutions to
P&C insurers, says Insur-
ance Scorecard will support
Southern Pioneer’s growth by
providing improved analyt-
ics through management
dashboards and timely access
to the company’s policy and
claims data.
