In 2003, State Auto set out to improve its market position and become a leading internet-based insurer. To achieve its goal, the company required the ability to provide quick and accurate rates to its agents via the AgentSite component of the State Auto Web site. State Auto deployed Oracle Insurance Insbridge Rating and Underwriting-part of Oracle Insurance�s comprehensive suite of offerings-to provide the rating component of its AgentSite Web portal.
Leveraging a single rating engine, State Auto enabled online quoting and fueled continued corporate growth-allowing the business to grow without requiring additional staffing resources. Oracle Insurance Insbridge Rating and Underwriting plays an integral role in State Auto�s ability to provide agents with quick and accurate rates through the Web-based portal. In April 2008, State Auto processed 75,000 new business quotes and 45,000 policy endorsements�a 70% increase in new business quotes since the previous year.
Oracle Insurance provides a complete and modern insurance software solution, from infrastructure to core insurance processing. Supporting more than 2,000 insurers globally and growing, Oracle Insurance offers end-to-end solutions encompassing sales, service, insurance administration, financials, and more. Oracle Insurance enables business transformation by helping you get new products to market faster and improving overall operational efficiencies. More at http://www.oracle.com/industries/insurance.