TORONTO and LANGLEY, BC--(Marketwire - April 13, 2010) - Insurance Systems Inc. (ISI), a leading provider of web-based enterprise solutions for the property/casualty insurance industry, is pleased to announce Mutual Fire Insurance of British Columbia (MFI) has successfully implemented ISI's WebWriter Enterprise policy administration suite as their core processing solution.
"The completion of this project represents a major milestone for us," said Robert Karr, Chief Operating Officer for MFI. "The WebWriter Enterprise solution will automate the majority of our processes and be the foundation for our future growth. We look forward to a long relationship with ISI."
MFI is a Canadian regional property/casualty insurance company writing farm, residential, commercial property and liability coverage in British Columbia, Alberta and Saskatchewan. With a modest IT budget and a limited number of internal resources to commit to a company-wide IT implementation, MFI looked to ISI for a technology solution that would allow the company to respond quicker to market changes while gaining processing efficiencies in order to increase their ability to compete with larger industry players.
"MFI identified efficient use of IT as a way to compete on a level playing field with larger carriers," said David Hanley, Vice President of Business Development and Operations for ISI. "The implementation of WebWriter Enterprise, a fully-integrated, configurable solution, will help them deliver the competitive advantage the company wanted."
WebWriter Enterprise is a fully-integrated, browser-based property/casualty policy administration suite which includes all modules that allow insurance companies to run their businesses efficiently. In addition to the core processing modules for policy administration, claims, billing, accounting and reinsurance, WebWriter Enterprise includes various supporting sub-systems such as rating, document production, CRM, workflow and reporting.
MFI will be rolling out support for commercial lines in the next phase of this technology modernization initiative.
About Insurance Systems Inc. (ISI)
Founded in 1997, Insurance Systems Inc. (ISI) and its team of insurance professionals are 100% dedicated to developing and implementing innovative software products for the property/casualty insurance industry. ISI's strategic product, WebWriter Enterprise, is the world's only truly fully-integrated policy administration suite, offering all of the functionality insurers need to run their business on a single, modern platform. Headquartered in Toronto, Canada, the company has a vast client base of property/casualty insurers around the globe. For more information, visit www.insurancesystems.ca.
About Mutual Fire Insurance of British Columbia (MFI)
The Mutual Fire Insurance Company of British Columbia, owned by its members, is committed to providing the members, and non members, through its network of agents and brokers, with quality insurance products delivered and serviced by a dedicated staff. The company is active in four main insurance lines: farm, residential and commercial property and liability insurance in British Columbia, Alberta and Saskatchewan. MFI employs 26 staff and distribute our products through a network of independent insurance brokers with over 400 offices. The company is rated A- pd (excellent) by A.M. Best. For more information, visit www.mutualfirebc.com.
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