November 10, 2009 14:09 ET

Chubb Licenses FJA's Product Machine

NEW YORK, NY--(Marketwire - November 10, 2009) - Chubb Group of Insurance Companies has licensed the FJA-US Product Machine to re-engineer the policy administration system behind its Masterpiece® personal insurance product line. The Product Machine is the cornerstone of a multi-year collaborative modernization effort.

Masterpiece® meets the needs of affluent consumers by helping to provide protection against losses to high-value residences, private passenger and collector vehicles, valuable articles and watercraft, as well as excess liability. Product modelers are using FJA's Product Definition System to define coverage availability, control limits and deductibles, implement product rules and define rating calculations for Masterpiece® in all 50 states.

Then business application integrators use the Product Machine SOA compliant services to access the product information to accomplish important business tasks, such as policy administration functions Quote and Endorsement.

"The Product Machine will enable us to externalize all product rules and rating, allowing us to be even quicker to market," said Drew LaGravenese, senior vice president, Chubb Personal Insurance.

This is the second system Chubb has modernized using FJA's Product Machine. In 2008, Chubb used FJA's Product Definition System to model its yacht product and FJA's Product Machine Services to drive the product's policy administration functions.

About Chubb

The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia. More information on Chubb is available at

About FJA

FJA-US, Inc., combines expertise in actuarial science, business and technology to deliver packaged and custom software solutions for the insurance industry. Our core offering is the Product Machine, which helps companies shorten the time and reduce the cost of product development. In addition, the company offers applications that cover Sales & Service, illustration/proposal, plan configuration and rating. FJA-US, Inc. headquartered in New York City, is a subsidiary of COR&FJA AG, Munich Germany, a leading consulting and Software Company specializing in the insurance industry. COR&FJA is publicly-traded on the Frankfurt stock exchange.

Contact Information

  • For further information, please contact:

    Media Contact:
    Jennifer Overhulse-King
    St. Nick Media Services
    (859) 803-6597
    Email Contact

    Marc Dutton
    Managing Director
    FJA-US, Inc.
    512 Seventh Ave - 15th Floor
    New York, NY 10018
    Phone: 212-840-2618
    Email: Email Contact