Underwriting Software for Property & Casualty Insurance

Camilion is a leading provider of underwriting software for property & casualty insurance companies. By creating a streamlined process that reduces manual effort and therefore cuts down on the cost and error associated with outdated underwriting systems, Camilion's next-generation policy administration system, Authority SuiteŽ has helped the world's largest insurers stay ahead of their competition. Automated, web-based underwriting that includes validations and cross-checks to ensure underwriting consistency and adherence to corporate governance are some of today's most significant developments. Dramatic efficiencies are created in the underwriting process through reduced touch points and the elimination of manual data entry, allowing underwriters to focus on increasing revenue. Leveraging a Service-Oriented Architecture (SOA) allows simplified integration of underwriting systems to other enterprise resources such as producer systems, claims, billing and data warehouses for Straight Through Processing (STP).

Automated Insurance Underwriting

The insurance industry has been vastly altered, and for the better, by automated insurance underwriting. Prospective clients can be assessed in same-day in-office transactions or online purchases that would previously have required several days. Less manual effort is required, reducing the cost and potential for error inherent in manual underwriting. Our enterprise underwriting solution dramatically increases underwriting efficiency by automating the entire underwriting process from initial submission to issuance. Automated insurance underwriting enables straight through processing (STP) and also provides insurers with a web-based, transactional portal for producers and customers. Using Authority SuiteŽ, insurers can reduce costs, shorten sales cycles and enhance risk visibility and management.

Product Development Solution for Life & Annuity and Property & Casualty Insurance

Camilion's ProductAuthorityŽ is a product development solution for life & annuity and property & casualty insurance. The world's only pure product development solution built specifically for the insurance industry, it takes a relatively simple approach to creating new products and modifying existing ones, reducing the dependence on over-committed IT resources. ProductAuthority uses a central repository that allows insurers to separate product from process by externalizing product information from business applications that are used to carry out transactions. Speed to market is increased dramatically because each product and its components can be reused with minimal difficulty. Camilion's product development solution was developed to automate the product development process of the world's largest life & annuity and property & casualty insurers.