The deployment is the first stage in providing AAA-branded personal lines insurance to more than 17 million AAA members in the 26 states served by AAA NCNU Insurance Exchange.
San Francisco, CA (PRWEB) November 15, 2011
Exigen Insurance Solutions®, a leading provider of modern core systems to insurers delivered through an aligned-outcome business model, announced today that AAA Northern California, Nevada, and Utah (NCNU) Insurance Exchange has rolled out Exigen Insurance Solutions’ policy administration and billing solutions for its California book of automobile insurance. The deployment is the first stage in providing AAA-branded personal lines insurance to more than 17 million AAA members in the 26 states served by AAA NCNU Insurance Exchange. Nearly one million auto policyholders and 1.7 million cars in California are insured by AAA NCNU.
“We are pleased with the results of the roll-out of personal auto in California. Technology modernization is a critical component of our business transformation strategy. It is enhancing our ability to provide great products with exceptional service and competitive pricing,” said Steve George, Chief Operating Officer, AAA NCNU Insurance Exchange. “Exigen Insurance Solutions has shown extraordinary commitment as a strategically aligned business partner to enable us to meet our goals.”
The project included replacement of multiple core systems and the installation of a scalable framework for large volume growth and was accomplished in a 13-month time frame. Exigen PolicyCore™ and Exigen BillingCore™ solutions were deployed in an enterprise package that also includes Product Factory™, DistributionCore™, rating, underwriting, business intelligence and reporting, customer relationship management, BPM, document generation, and content management.
“We chose Exigen Insurance for modern technology, flexibility, scalability and comprehensiveness of their solutions, and their reputation for implementation success,” said Steve O’Connor, Chief Information Officer, AAA NCNU Insurance Exchange. “Exigen’s on-time delivery proved how critical a fully open and service oriented architecture is to modern insurance IT development.”
“To complete a project with this level of complexity and deliver the business benefits in such a short time frame is unprecedented in our industry,” said Alec Miloslavsky, Executive Chairman, Exigen Insurance.
“We congratulate AAA NCNU Insurance Exchange for this successful roll-out. Its dedication to improving insurance operations through technology modernization underscores its strong commitment to members,” said Gwen Spertell, President, Exigen Insurance. “We feel honored to be providing a great organization like AAA NCNU Insurance Exchange with solutions that increase operational effectiveness and enhance business agility.”
About AAA NCNU Insurance Exchange
The AAA Northern California, Nevada and Utah (NCNU) Insurance Exchange offers automobile, homeowners and other personal lines of insurance to AAA members through partnerships with AAA clubs. It is one of the largest personal lines insurance companies in the United States and is rated A+ by A.M. Best.
About Exigen Insurance Solutions
Exigen Insurance Solutions® offers insurers a completely modern, modular suite of end-to-end core solutions that provide measurable value and unparalleled speed to market. The Exigen Suite™ of configurable solutions – PolicyCore™, BillingCore™ and ClaimCore™ – can be implemented individually or together. Their comprehensive insurance functionality, innovative design, and embedded capabilities – including CRM, BPM, document generation, content management, business activity measurement, and operational analytics – enable P&C insurers of all sizes to increase distribution channel productivity while reducing operational expense. Exigen Insurance Solutions is a privately held company headquartered in San Francisco with offices in the USA, Canada, Europe and Australia.