AAA Missouri was recognized for its successful E-app and Straight-Through-Processing initiatives. The insurer uses Fiservâs Policy STARÂ® system as part of an overall strategy that accelerated application cycle time by 80 percent, reduced errors, and helped expand their independent agent force to over 800.
American Safety Insurance was recognized for its Comprehensive Reinsurance Management initiative. The insurer, with the help of Fiservâs Universal Reinsurance System (URS), improved their management of recoverables, monitoring of reinsurer exposure, and efficiency of financial reporting.
The report, which was presented at Celentâs inaugural Model Carrier Summit in New York on January 16, 2007, contained case studies of 39 technology initiatives and practices across most functional areas of insurance from more than 30 insurers. Nominations were solicited from over 100 insurers in the US and around the globe.
âThe achievements demonstrated by these insurers are truly noteworthy,â commented Tony Perdichezzi, CEO of Fiserv Insurance Solutions. âWe extend our warmest congratulations to the Fiserv clients, as well as every insurer, recognized in the report.â