MONCTON, NB, Canada – Aug. 29, 2006 – Whitehill Technologies, Inc. today announced the latest release of IStream Writer, part of the InSystems line of software which helps insurance companies get new products to market faster.
Insurance is a complex, highly regulated business, and the process of bringing new products to market can take more than a year. Whitehill’s InSystems line of software reduces that time by 50% or more. The InSystems line manages the product lifecycle from initial drafting of contract language, through regulatory approval, to sales and policy issuance.
As part of this process, IStream Writer 1.2 lets insurers create documents and policies which comply with the multitude of regulations enforced by state filing agencies. The new-product developer in IStream Writer 1.2 lets users create a master document which can be tailored to fit state regulations, lines of business and specific products. When the master document is modified, changes are automatically applied to all the appropriate documents, eliminating multiple updates and reducing compliance risk.
IStream Writer 1.2 shortens product implementation and rollout timelines with its unique ability to automatically transform these filed documents into templates for policy production. The latest release further improves speed-to-market by providing advanced capabilities for updating product wordings, allowing for faster response to legislative changes and hassle-free product enhancements.
“We’ve listened carefully to what our customers have been saying, and we’ve made improvements to help them get their new products to market faster,” says Neil Betteridge, VP, Product Management, Whitehill Technologies, Inc. “Insurance carriers are under pressure from today’s sophisticated, well educated consumers to provide innovative, competitive offerings. It’s critical that insurers be able to get these new products to market as soon as possible. Whitehill is committed to helping our customers accomplish that goal.”
About Whitehill Technologies Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation software that helps insurance companies and legal firms accelerate key business processes. Whitehill’s InSystems product line helps get new products to market faster by speeding up development and regulatory filing processes. More than 1,000 customers in 45 countries, including more than half the largest 100 insurers in North America, have used Whitehill software to personalize and accelerate the way they communicate with customers, getting the right information into the hands of the right people at the right time. Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. Whitehill is headquartered in Moncton, New Brunswick, Canada. ( www.whitehilltech.com )