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Insurity Launches Insurance Decisions

Originally published November 23, 2005

Insurity, a ChoicePoint company, has launched its new business process-improvement products and services for property/casualty insurance as a single suite called Insurance Decisions.  Insurance Decisions incorporates all of Insurity’s various processing applications onto one web services platform. The new suite provides effective decision-support to all parties in the insurance value chain—improving everything from risk selection to loss mitigation.

The suite integrates three components on one platform:

Policy Decisions – complete policy-lifecycle administration services, from application intake to rating and underwriting, from policy issuance to renewal and everything in between.

Claims Decisions – complete claims administration services, from first notice of loss to fraud detection, from automated work assignment to medical bill review and medical case management, from litigation management to payment and subrogation.

Reporting Decisions – a comprehensive repository for financial, operational, profitability and customer data with built-in analysis and reporting capabilities from real-time query responses to flexible data distribution; from canned and ad hoc policy, claims, reinsurance and billing reports to multiple output formats (Excel, PDF, Word, XML and others.

Insurity enables insurers to scale effectively, efficiently and economically by making the Insurance Decisions suite available as a traditional deployed application—or as an ASP, fully hosted and managed by Insurity.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.