Nashville, TN (PRWEB) June 06, 2011
Camilion™ Solutions, the most-trusted provider of advanced software for the insurance industry, today announced availability of fully integrated, pre-populated product definitions for ISO Commercial Auto, General Liability and Commercial Property.
The new product lines can be integrated with any policy administration system, including Camilion’s Authority Suite®. The solution greatly reduces the time it takes to remain up to date on loss cost trends, new product forms and regulatory changes.
Camilion is the first software provider to be ranked an ISO Electronic Rating Content™ Associate. The Camilion solution is unique in the industry as it directly imports ISO’s rates, rules, forms and the full ISO statistical plan – as interpreted by ISO. This distinctive approach greatly reduces the risk of errors or omissions in the final insurance offering. In addition, the solution enables rapid configuration of company exceptions to ISO content, including lost cost multipliers, proprietary rate factors, company-specific forms and even company-specific coverages.
“Insurance CIOs and executives constantly tell me the same thing – the various solutions in the market today are limited, essentially outsourcing the interpretation and management of ISO content,” said Ross Orrett, Camilion President and CEO. “We set out to do what some thought was impossible – create pre-interpreted content from ISO, automatically configured for the ultimate in management and re-use of lines of business, coverages and deviations. With the latest Camilion solution, our customers have the flexibility to develop and maintain entire product lines with unprecedented ease, speed and accuracy.”
According to Karen Furtado, partner, Strategy Meets Action, “Camilion is the first to market with a solution that has the ability to automatically import complete, current and fully functional ISO Electronic Rating Content product lines into policy administration and product configuration software. Insurers using the Camilion solution are positioned to meet time-to-market demands with a more cost effective approach than has ever been possible in the past.”
Camilion continues to focus on developing solutions that automate the ISO product lifecycle, including notification and delivery of ISO product updates, full, partial or deferred adoption of ISO circulars, and configuring company exceptions.
About Camilion Solutions
Camilion is the most-trusted provider of advanced software for the insurance industry. With its ground-breaking product development technology, offering unprecedented levels of speed, accuracy and flexibility, Camilion enables its customers to deliver superior-quality insurance products to market up to 60% faster. For more information on Camilion solutions, including ProductAuthority® and Authority Suite®, please visit http://www.camilion.com or call +1 (866) 226-4546.