Atlanta, GA – Sep 17, 2008 – NCMIC Group, Inc. has selected SunGard’s iWorks Premium Billing Solution, an enterprise-wide billing system for the property and casualty industry, to help with its billing and collection of premiums and to help increase efficiency and reduce costs through system automation. The rules- based system offers the flexibility to change payment plans and fee structures, as well as XML-based system-to-system integration.
NCMIC has been a customer of SunGard since 1988, utilizing SunGard’s investment solutions to support its investment accounting and reporting requirements. The strength of that relationship, combined with key functional requirements that the iWorks Premium Billing solution meets, prompted NCMIC to expand its relationship with SunGard.
Eric Madcharo, chief information officer of NCMIC Group, Inc., said, “We chose SunGard because of its experience in the insurance industry, its service-oriented staff, and its responsiveness in adapting the iWorks solution to meet our requirements and the needs of our clients.”
Greg Webber, president of SunGard’s insurance business, said, “NCMIC Group, Inc.’s decision to add another SunGard iWorks solution to support its insurance operations demonstrates our strength in customer service. Insurers are seeking better ways to access and analyze data, cut time to market, mitgate risk, and gain differentiation. SunGard works with its customers to help them achieve these goals.”
About NCMIC Group, Inc.
NCMIC Group, Inc. is a diversified business serving several markets through a variety of insurance and finance products. Located in Clive, Iowa, NCMIC was founded in 1946 to provide malpractice insurance to the chiropractic profession. Today, NCMIC insures more than 37,000 chiropractors nationwide. Through its two brands — NCMIC and Professional Solutions — NCMIC Group offers malpractice insurance, personal and business insurance, equipment leasing, merchant processing, business credit cards and premium financing. In addition to serving the chiropractic profession, NCMIC Group also offers our products to dentists, medical doctors, veterinarians, lawyers, businesses and families. For more information, visit www.ncmicgroup.com.
About SunGard iWorks
SunGard iWorks is a business-driven IT product family for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard delivers products and services that align with our customers’ changing business and regulatory needs.
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.Tags: billing, online solution