PHILADELPHIA, PA and ST. PETERSBURG, FL--(Marketwired - Aug 14, 2014) - Unirisx, LLC (Unirisx), a leading global provider of SaaS-based, full policy management solutions for the property and casualty (P&C) insurance marketplace, is pleased to announce that Bankers Financial Corporation (Bankers), has selected the Unirisx Insurance Solution Suite™ as its new platform for underwriting, billing and policy administration. The Florida-based insurance, business solutions and surety company will implement the Unirisx Solution across all lines of business that Bankers writes, including the company's TPA business.
Bankers Financial Corporation will implement the Unirisx Insurance Solution Suite via a Software-as-a-Service (SaaS) model for full policy lifecycle management, including product configuration, underwriting, rating, billing and document management functions for all personal and commercial lines of business. Bankers expects to streamline business processes and gain the agility needed to remain competitive in an evolving market.
"Our business imperative was to select a technology provider with a proven record of success, who would also be able to provide us with the flexibility, innovation, and modern technology to administer all lines of business on a single SaaS platform," said Jim Albert, Bankers' Chief Information Officer. "We evaluated several policy administration solutions, and ultimately selected Unirisx, as their architecture, globalized offering, intuitive workflow and robust configuration capabilities met all of our extensive requirements. We are confident that leveraging Unirisx's highly-configurable features will provide us with a functionally-rich solution that delivers superior speed-to-market and will enable Bankers to continue to deliver exceptional products to our clients."
"Unirisx recognized our continued commitment to innovative use of technology to deliver genuine business value as well as provide superior service," said Bankers' President Bill Martin. "Our focus centered around finding a solution which would also enable us to improve overall insurance operations through a technology modernization initiative that puts our clients first. Unirisx became a clear choice."
"We are very honored that Bankers Financial Corporation has chosen Unirisx to help it meet business transformation goals," said Akhil Tripathi, Chief Executive Officer of Unirisx. "This relationship will allow Unirisx to further demonstrate our broad capabilities across personal and commercial lines of business for an innovative and successful organization. We remain committed to providing Bankers with a transformational solution which will allow the company to increase operational effectiveness, enhance business agility and continue to profitably grow the business."
For more information, please contact Nikki Dugan, corporate communications manager for Unirisx at 610-915-6440 or Nikki.Dugan@unirisx.com, or visit the company website at www.unirisx.com.
About Bankers Financial Corporation (Bankers)
Since 1976, the Bankers Financial Corporation family of companies has protected the interests of homeowners, consumers, business owners, builders, the judiciary and investors. From a regional business to a national presence, Bankers has consistently grown in size and evolved in scope, having issued over 20 million insurance policies, warranties, protection plans, surety bonds, contract & commercial bonds, and annuities. For more information, please visit www.bankersfinancialcorp.com.
About Unirisx, LLC (Unirisx)
Unirisx, LLC (Unirisx) provides transformational, world-class, core administration solutions for property and casualty (P&C) insurance organizations. Unirisx's highly-configurable, on-demand solutions for personal, commercial, and specialty lines, including ocean/marine, excess and surplus (E&S) and professional liability, enable the rapid creation and launch of new products, broadened distribution, and effective management of the full policy lifecycle in real-time. Via a Software-as-a-Service (SaaS) model, Unirisx reduces upfront costs and accelerates speed-to-market through unique customization capabilities currently powering successful implementations in multiple lines, multiple currencies and multiple languages around the world. For more information about Unirisx, please visit www.unirisx.com.