Compared to the progress in personal lines, straight-through-processing for commercial lines has been slower to take hold because of the number of variables involved
Frisco, TX and Las Vegas, NV (PRWEB) May 13, 2008
Skywire Software, a leading global provider of software and services for the insurance industry, today announced the launch of Ingage, a Web-based software application that streamlines data capture by allowing insurers to create and configure questions and rules through an intelligent front-end data capture presence.
The addition of Ingage to Skywire Software’s portfolio further expands the breadth of software components the company offers to support the rating and underwriting process. In April Skywire Software announced Rating Xpress™, a preloaded content solution that includes loss costs and rating rules. Both Ingage and Rating Xpress integrate with Skywire Software’s Insbridge rules, rating and underwriting system enabling insurers to reduce time associated with maintaining rates, speed time-to-market, and improve rating accuracy, quality and compliance.
Built specifically for the insurance industry to support all lines of business, Ingage provides an online data capture front-end for the complex decision-making involved in insurance applications. An intelligent, Web-based interface empowers producers, CSRs, underwriters or applicants to gather information. Ingage automatically accepts or knocks out the application based on responses to questions. This eases the burden of data entry across all parties involved in the process.
Ingage tracks insurance applications for accuracy and completeness. The software application provides straight-through-processing for common risk types, eliminates redundant entry for agents and underwriters, and integrates seamlessly with Skywire Software’s Insbridge rating engine for quotes.
While Ingage can be used in personal and commercial line environment, it excels in the complexity required for commercial lines. “Compared to the progress in personal lines, straight-through-processing for commercial lines has been slower to take hold because of the number of variables involved,” said Jason McDonald, product manager at Skywire Software. “Ingage addresses the increased complexity involved in commercial lines, allowing the concept of smart underwriting to move up the value chain.”
Ingage is ACORD XML based for easy integration with multiple systems commonly found in insurance environments, including agency management systems, policy administration, third party information providers, rating engines such as Insbridge, and customer communications management systems such as Skywire Software’s Documaker.
“Skywire Software is committed to continuous innovation and bringing to market software components that are based on industry standards and focused on business user empowerment,” said Wendy Gibson, chief marketing officer at Skywire Software. “Our products are designed as components to enable interoperability with other systems through Web services and service-oriented architecture, enabling insurers to automate complex, manual tasks and extend the value of their current technology investments.”
“As pricing and business complexity rises the software used to manage pricing and underwriting logic increases in importance, particularly in a soft market,” said Craig Weber, senior vice president of Celent’s insurance practice. “Implementing components that enable the data capture to streamline and automate the new business underwriting process and also provide the ability to manage the risk/price equation easily and accurately provides a clear competitive advantage.”
Skywire Software is exhibiting this week at ACORD LOMA in Las Vegas. For more information on Ingage, please drop by the company’s booth # 420 or visit http://www.skywiresoftware.com.
About Skywire Software
Skywire Software is a leading, global software company serving the insurance, financial services, legal and professional services industries. The company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, data movement, and enterprise-wide document automation and compliance, Skywire Software is dedicated to providing an unparalleled customer experience to more than 2,400 customers in 45 countries worldwide, including 1,450 insurance customers. For more information, contact Skywire Software at 1-800-735-6620 or visit http://www.skywiresoftware.com.
(972) 377-1110, ext. 4198 (main)
(214) 618-6763 (direct)
hpitts @ skywiresoftware.com
3000 Internet Blvd.
Frisco, Texas 75034
© Skywire Software is a registered trademark. All other names, brands or products referenced are the service marks, trademarks or registered trademarks of their respective companies. All rights reserved.
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