Camilion offers two innovative solutions for the insurance industry - Authority Suite® and ProductAuthority®. Authority Suite, a next-generation Policy Administration System for P&C, is built with superior architecture on the most modern technology platform. Powered by Camilion´s flagship ProductAuthority, Authority Suite accelerates the development of better products, optimizes underwriting efficiency and enables insurers to write more, profitable business.

Designed from the ground up as the world´s only "pure" insurance Product Development Solution, ProductAuthority independently manages the complete product definition in a central repository. Product data and rules are exposed as Product Services to other applications like new business, underwriting and Authority Suite.

Our Product Development Solution Drives Speed to Market and Product Innovation

In the time it takes some companies to realize an opportunity exists, the market leader has already taken the first to market advantage, leaving less agile insurers scrambling to recover their disappearing market share. Today's competitive climate demands that insurers meet - or better yet, beat - their competitors in the marketplace with innovative, timely products.

For L&A insurers, great change - and opportunity - is occurring in the retirement market. The first of over 77 million baby boomers turns 60 years old in January 2006, and this large and wealthy market segment creates an exciting opportunity for carriers who can rapidly develop and launch innovative products to assist them in their retirement and estate planning needs.

Similar changes are occurring in the P&C market, where the market share and total premiums of non-admitted and specialty products is growing. As demand grows for customized insurance solutions to meet the unique needs of specific market segments, P&C insurers are seeking ways to beat their competitors to market with their own customized solutions.

Camilion's Product Development Solution helps insurers meet these types of challenges head on. Companies can define products as collections of re-usable "components", store all product information in one central place, and make this accurate and consistent product information accessible by all stakeholders and systems, across products and even lines of business. Advanced Product Development Solutions like Camilion's ProductAuthority®, also integrate tools for product testing, workflow management, and product catalogs.
The result is a highly efficient and streamlined product development process, which results in dramatic improvements in speed to market and product innovation, and substantial cost reductions.

Our Next-Generation Policy Admin Systems for P&C Optimizes Underwriting, Offers Straight-Through Processing and Improved Risk Visibility and Assessment

Underwriting and policy administration systems have changed dramatically over the last 25 years. What originally started as monolithic policy administration and underwriting systems, has evolved into a "best of breed" component approach - and this new approach is critical in supporting more flexible and responsive product development, risk visibility and assessment, and case management.

P&C insurers count on Camilion's next-generation Policy Administration System for P&C to help them effectively manage the underwriting process throughout the entire policy lifecycle. Authority Suite supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind and issuance and all the required policy endorsement functions. Authority Suite also automates the entire underwriting process through a user-friendly, consolidated underwriting workstation and provides straight through processing (STP) for online sales so insurers can be easy to do business with. 

Powered by Camilion´s ProductAuthority®, the world´s only "pure" product development solution built specifically for insurers, Authority Suite truly separates product from process. All product data and rules are externalized in a central repository, where products can be rapidly configured - without impacting policy transactions and business workflows that dictate how they are sold, serviced and administered. 

Authority Suite simplifies integration to other enterprise systems by providing open accessibility through a web services interface. The result is better control of the underwriting process, which, in turn, delivers improved data integrity, risk visibility and assessment, producer satisfaction, as well as shorter sales cycles and substantial cost savings.