TORONTO, ONTARIO–(Feb. 28, 2006) – Product Management, Online Sales and Enterprise Underwriting Solution Drives Producer Ease-of-Use and Speed to Market
Camilion Solutions, Inc., a leading provider of product management, online sales and underwriting solutions to the insurance industry, announces that ACE USA, the U.S.-based division of the ACE Group of Companies, has licensed AuthorityUnderwriter™ and ProductAuthority™. These innovative products are designed to create efficiency and ease-of-use for producers, and improve speed to market for a range of insurance products.
“We required a sales and underwriting solution to support ACE Online, a real-time, quote and bind portal for online delivery of ACE USA insurance products and customized risk management services and tools.” says Michael Baeurle, Senior Vice President of ACE Online. “Our goal is to be able to move more products to online distribution channels, thus offering a better on-line solution for our producers, and to dramatically improve our speed to market, while building a platform to support our future growth.”
“We understand that insurance companies are challenged with finding ways to launch innovative products to their target markets faster than their competitors, and require effective online sales and underwriting approaches to achieve this. We’re pleased that ACE USA has selected our software solutions to address this critical challenge,” says Ross Orrett, President and CEO, Camilion Solutions, Inc.
About Camilion Solutions, Inc.
Camilion Solutions, Inc. is the leading provider of product management, online sales and underwriting solutions for the insurance industry. Camilion’s solutions enable companies to quickly and efficiently launch new products into target markets across multiple channels, automate underwriting, enable straight-through processing, and provide a flexible platform to support current and future growth-all without requiring the replacement of existing policy administration systems. Founded in 2000, Camilion Solutions, Inc. is a privately owned corporation with offices in Toronto, Canada and New York. For more information about Camilion and its products and services visit us at www.camilion.com.
About ACE USA
ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE: ACE). ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.
ProductAuthority™ and related names are registered trademarks of Camilion Solutions, Inc.