According to Camilion, Authority Suite gives property and casualty (P&C) insurers the agility necessary to overcoming the challenges created by hard-coded legacy systems, including the ability to quickly revise and develop new products, automate underwriting and provide online sales – all while reducing their systems maintenance costs.
The new product supports the entire policy lifecycle, including application data capture, qualification, rating, quote management, bind and issuance and all of the required policy endorsement functions. It also automates the entire underwriting process through a consolidated underwriting workstation and provides straight through processing for online sales.
Authority Suite also simplifies integration with other enterprise systems by providing open accessibility through a web services interface.
With our flagship ProductAuthority as the core, we have been working with the world’s largest insurers to build out the functionality for this next-generation policy administration system, said Ross Orrett, Camilion’s president and CEO. Now, we can also offer the P&C mid-market a proven solution that innovatively addresses their key objectives to reduce product time to market and improve ease of doing business, while reducing costs and rationalizing internal systems.
