Boston, MA (April 12, 2005) - Delphi Technology, Inc. (DTI), the leading provider of technology solutions to the professional liability insurance market, announced today that Utah Medical Insurance Association (UMIA) has purchased DTIâs OASIS Policy, Financial, Claims, and Risk Management software. UMIA is a reciprocal interinsurance exchange headquartered in Salt Lake City, Utah.
The OASIS implementation at UMIA is planned for completion within eight months, with the initial 20 users utilizing OASIS for their day-to-day operations in fall 2005. To further enhance their operation, UMIA will also utilize DTIâs reinsurance management, reporting, data warehouse, and document processing solutions.
A major catalyst for UMIAâs new system initiative was their need to overcome the limitations of their current system, which could not adequately provide for UMIAâs future growth. The OASIS solution will enable UMIA to support their planned growth via the scalable and flexible functionality provided by the system.
Joseph Perry, Chief Financial Officer of UMIA, stated, "Our goal is to continue to improve upon our already high customer service standards while the company continues to grow. We selected DTI because we believe that their OASIS system will allow us to meet these objectives by increasing our operational efficiency.
DTIâs President, Sam Fang, commented, "We are very pleased that the Utah Medical Insurance Association has selected the OASIS system. While UMIA is our newest client, they are the 19th PIAA member to select our solutions and services. We expect that our extensive experience in this market will go along way in assisting UMIA in successfully executing and achieving their growth objectives."
The OASIS professional liability product suite is a complete and proven end-to-end insurance processing solution for insurance carriers and MGAs who market and administer professional liability lines of business. OASIS is the only solution that was designed and developed specifically for the medical professional liability market.