Markham, Ontario, April 26, 2005 � InSystems, the specialists in complex document and compliance automation for insurance and financial services organizations has been named as a leading provider in Celent Communications, LLC�s “Insurance Software Deal Trends 2003-2004� reports.
“For the second year in a row, InSystems� deal volume made it a leading provider,” says Craig Weber, senior analyst in Celent�s insurance group and author of the reports. Weber notes that InSystems is named as a leading provider in the document management category, which includes creation of policies and correspondence.
“Leading insurers are deploying InSystems solutions to accelerate speed to market, ensure compliance, reduce document fulfillment costs, and increase customer and channel satisfaction,� says Neil Betteridge, Director of Marketing, InSystems. �We are committed to delivering results and value to our customers, and are pleased by the market acceptance of InSystems software solutions, validated by our inclusion in these Celent reports.”
Celent�s independent, industry-leading reports are based on a sample of more than 974 software deals in insurance signed in 2003 and 2004 by over 100 vendors. Details about the majority of the deals analyzed — including the carrier type, carrier size, and business processes supported — were provided by more than 65 software vendors. Additional deals were captured by reviewing public data sources. The report analyzes deals across four metacategories, and 18 subcategories. More information about the reports is available online at www.celent.com.
Celent Communications is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology, and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis.
InSystems specializes in complex document and compliance automation for insurance and financial services. Its software solutions allow organizations to achieve operational excellence by automating the creation, management and multi-channel distribution of customized documents, and streamlining the product development and regulatory filing processes. InSystems� solutions give business users more control, with less dependence on IT resources. These solutions are developed, delivered and supported by a team with specialized knowledge and experience. InSystems ( www.insystems.com) has more than 350 insurance customers, including over 50 of the 100 largest insurance groups in North America. InSystems, founded in 1989, is a subsidiary of Standard Register (www.standardregister.com) a $1 billion provider of information solutions.