First Customer for New Product to Increase Speed-to-Market
MARKHAM, Ontario, Dec. 19, 2005 – Employee benefits provider KMG America, and its wholly owned subsidiary, Kanawha Insurance Company will be implementing InSystems Writer 1.1, the latest speed-to-market-enhancing solution from InSystems, the specialist in complex document and compliance automation for insurance and financial services.
The new product was first shipped Nov. 30, and KMG America was the first customer.
“I anticipate this will save us a lot of time and headaches,” said Pamela Gillespie, 2nd VP and Chief Compliance Officer.
InSystems Writer lets insurers create state-specific filing documents and policy-issuance templates faster, easier and with less compliance risk. Using one master document, InSystems Writer automatically produces state-specific documents for filing with state insurance regulators. The new-product developer specifies in the master document how wording applies to states, lines of business and products. Only the master is modified to make changes, thus eliminating updates to multiple documents.
Users can create state-, product- and line-of-business-specific documents for filing at the touch of a button, without having to reengineer the process for creating product wordings.
Product implementation and rollout timelines are shortened when users leverage InSystems Writer’s unique ability to automatically transform these filed documents into templates to be used for policy production.
“InSystems Writer will help this progressive insurer boost its speed-to-market as it launches new products nationally in its ambitious growth program,” said Jill Davidson, Product Manager with InSystems.
About KMG America
Based in Minnetonka, Minn., KMG America, through its wholly owned insurance company, Kanawha Insurance Company, offers a comprehensive portfolio of core and supplementary benefits. With over $4.3 billion of life insurance in force, Kanawha Insurance Company provides and/or administers coverage for more than 450,000 individuals and 2,500 corporate customers. Licensed in 46 states, it has financial strength ratings of A- from A.M. Best and A- from Standard & Poor’s. KMG America Corporation, a holding company, acquired Kanawha Insurance Company and its operating subsidiaries in December 2004.
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.