The Most Complete and Progressive Online Sales Solution for Commercial and Specialty P&C Carriers
LAS VEGAS, NEVADA – May 23, 2006 – Camilion Solutions, a leading provider of software solutions for the insurance industry, today announced AuthorityOnline™, a complete online solution for P&C carriers looking to take their commercial and specialty lines business online, or who are looking for a way to rationalize their online systems into a single, easy to use, web-based platform from which brokers can write business, get quotes and bind policies in minutes. Powered by Camilion’s product management solution – ProductAuthority™ – AuthorityOnline allows carriers to rapidly bring products to market online, grow revenue and improve broker satisfaction, without having to replace core policy administration systems.
Many P&C carriers face significant challenges in making their commercial and specialty products available online – challenges that, in some cases, are causing brokers to take their business elsewhere. Many carriers are struggling to make their policy administration systems broker-facing or, if they have online capabilities, they are product- or line-of-business specific. This forces their brokers to access multiple portals, impeding effective up-selling
AuthorityOnline was built to address these challenges with an architecture that is fully “agnostic” – allowing carriers to deploy a common platform for all their online products, regardless of the underlying administration and back office systems supporting them. This unique solution provides “once and done” data capture for new business using a single, easy-to- use interface for brokers to manage the entire process including rate, quote, bind, underwriting referral, and simple policy servicing transactions. Being powered by Camilion’s leading product management solution – ProductAuthority™ – product data is externalized and business users have full control over product definitions, resulting in the ability to launch new and refreshed products designed for online processing in weeks, rather than months.
Camilion also provides pre-configured products and coverages for all standard commercial and specialty P&C products that carriers will want to make available to their brokers online – such as professional liability, business owners, property, auto, crime, general liability, umbrella, and workers compensation. These pre-configured products give carriers a running start, reducing the time and cost of implementation.
“Camilion has created the most complete and progressive online sales solution available in the P&C market today,” said Ross Orrett, CEO and President of Camilion Solutions. “No other vendor in the market has an online solution that provides the same range of functionality, on a modern, flexible, enterprise architecture free of ties to any vendor’s admin system. Coupled with our deep industry content in the form of pre-configured products and pre-defined workflows and reports, we offer P&C carriers the best option to take their products online.”
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 and channels, automate underwriting and 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 our products and services visit us at www.camilion.com.