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Hear what the industry analysts have to say.
"Camilion is a pioneer in providing solutions that address enterprise product development and management in insurance and financial services. The ProductAuthority solution is a robust offering that is well suited to address the end-to-end product development and management requirements for all major lines of insurance. ProductAuthority has the functionality to address needs from individual products to complex portfolios. As the complexity of a product portfolio increases, the power of the solution becomes even more apparent."
Karen Furtado, Partner, SMA Strategy Meets Action
"Camilion was one of the first vendors in this market to promote product development and configuration, winning many deals early among carriers wanting to manage product development processes for complex products. Its system has been proved and is a stronger challenger for commercial line policy processing - especially for companies with complex product lines, that need less prebuilt content out of the box due to having unique product requirements, and that desire product management capabilities. The ISO partnership now makes Camilion an attractive option for companies relying on ISO Electronic Rating Content for data and rates."
Gartner MarketScope for North American Property and Casualty Insurance Policy Management Modules - November 2010
Novarica
"Speed to market for product changes is one of the major drivers of insurer IT strategies, and carriers in need of a cost effective solution in this area are looking at prioritizing replacing just the product management component of their complex legacy core systems rather than moving ahead with a full replacement strategy," said Matthew Josefowicz, Director and Head of the Insurance Practice, Novarica. "Solutions like ProductAuthority, which integrate pre-populated ISO Electronic Rating Content, are likely to be attractive to these insurers."
Read the entire press release
SMA Strategy Meets Action
"By moving quickly to create a sophisticated, automated approach geared expressly for the direct integration of ISO Electronic Rating Content™, Camilion is first to market with a solution that uses product configuration technology to create a powerful new approach to the management of ISO content in concert with the entire product design and management function," said Karen Furtado, Partner, SMA Strategy Meets Action. "The ability to automatically import the loss costs and rules received from ISO into Authority Suite® and ProductAuthority® will position insurers to meet time-to-market demands with a more cost effective approach than has ever been possible in the past."
Read the entire press release
FORRESTER Case Study: CNA Insurance Deploys A Smart Combination Of
PLM Processes and Technology
By combining foundational product life-cycle management (PLM) technology with pivotal process redesign work, this carrier is capitalizing on the benefits of lower data management costs, greater product reuse, and faster speed-to-market. How did CNA get there?
Read the full case study.
Celent Policy Administration System Vendors 2009, North America published in May 2009, by Celent LLC:
"Camilion's modern architecture, scale, success with complex commercial products, and top notch underwriting and product development tools will land Camilion on a large number of short lists."
"Authority Suite's interfaces for both internal (underwriters, customer service) and external (agents, policy holders) users are excellent, with a great deal of data being provided in a consistent and easy to navigate way. The ability for end-users to personalize their views adds to the ease of use, and the fact that different style sheets can be applied to pages designed within the configuration tool makes it possible for a carrier to customize the portals to a high degree."
"Authority Suite, Camilion's modern P&C policy administration system provides insurers with the added benefit of the product lifecycle management capabilities provided from Lifecycle Manager. Insurers have visibility into key processes like requesting a product change, work reassignment and creating a filing package, leading to reductions in product development costs and elimination of bottlenecks to improve speed to market. Product lifecycle management has traditionally been less of a focus for vendors, but will become increasingly important as carriers look to build solutions that integrate all of their processes across the business."
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