Celent, a research and advisory firm focused on insurance technology strategy, has awarded Exigen client Real Insurance, a division of Hollard Australia, a 2009 Model Carrier award for product innovation and speed to market of its world-first, "trust-based" pay-as-you-drive (PAYD) product.
Exigen Insurance Solutions' Lifecycle Management suite for policy administration, billing and claims operating on the Exigen Insurance Business Process platform enabled Real Insurance to rapidly design, test and launch an industry-first PAYD product.
The award recognizes carriers cited in the Celent Model Carrier 2009 report. The report offers some key best practices in the effective use of technology that a "model carrier" would use, says Celent. Twenty carriers were selected from nominations solicited from over 100 carriers and 50 vendors. Real Insurance's PAYD initiative was chosen "in part because of the innovative nature of the product and the quick time to market achieved through a phased implementation," says the report. Real is cited for achieving the tight coordination of all parties required to take the project "from conception to market in a rapid nine months, including integration with its own direct e-commerce channel."
Wednesday, 4 February 2009
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1 comments:
Thanks for sharing all the nice stuff.
Business Process Management
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