SOURCE: Exigen Insurance Solutions

Exigen Insurance Solutions

September 15, 2009 14:39 ET

Exigen PolicyCore Recognized as a Top Vendor Solution for Breadth of Functionality in Celent's 2009 Policy Administration Report

SAN FRANCISCO, CA--(Marketwire - September 15, 2009) - Exigen Insurance Solutions, a leading provider of modern technology solutions to property and casualty insurers, today announced that Exigen PolicyCore™ has been recognized as a top vendor solution for its "breadth of functionality" by industry analyst firm, Celent, in the firm's report: Policy Administration Systems for Personal Lines P/C Insurers US 2009. In the report, Celent provided a full profile of 25 policy administration systems in use for personal lines.

The report rated PolicyCore as one of the top solutions in Celent's ABCD Vendor View for Breadth of Functionality, which comparatively ranked vendors based on: advanced functionality provided in the base offering; power and ease of use of rules, workflow, product configuration, document management capabilities; and number of deployments for various personal lines of business.

"Exigen's PolicyCore offers advanced technology in an open, full-featured system built with modern Java architecture," said Jeff Goldberg, Celent senior analyst and author of the report. "The great breadth of functionality of PolicyCore along with highly ranked customer service and an engaged partnership model has resulted in happy clients who consider the vendor to be part of their business."

PolicyCore can be implemented alone or integrated with the other Exigen Suite™ component solutions: ClaimCore™, BillingCore™ and DistributionCore™.

"We are proud of Celent's recognition of PolicyCore and pleased to be cited for our advanced policy administration functionality. We believe that PolicyCore provides exceptional value to insurers through its proven ability to reduce overall operations expense and to drive revenue growth through new business and distribution channel automation," said Gwen Spertell, CEO, Exigen Insurance Solutions. "Our customers have reported and earned industry notice for achieving operational costs well below industry benchmarks and for sustaining business growth at low incremental cost."

Other Celent observations include:

--  PolicyCore's web-based end-user portal: supports all users, whether
    internal or external, with different functionality and views available
    depending on roles; has strong support for task-based work; and has
    integrated document management and creation.
--  The key to PolicyCore's entirely web-based Product Factory
    configuration tool is that it allows users to manage not just the policy
    and new business life cycle but the product creation as well.
--  Trained portal users will be pleased with the available features and
    wealth of customer/policy information at their fingertips.
--  References were universally pleased with the integration experience,
    giving Exigen some of the highest scores in this category out of all report
    respondents.
    

About Exigen Insurance Solutions

Exigen Insurance Solutions (www.exigeninsurance.com) offers a completely modern, modular suite of end-to-end core solutions that provide measurable value and unparalleled speed to market. The Exigen Suite of configurable solutions for policy administration, claims, billing and distribution management enable P&C insurers of all sizes to increase distribution channel productivity while reducing operational expense. Exigen Insurance is a privately held company headquartered in San Francisco with offices in the US, Canada, Australia, the UK and Switzerland.

Contact Information

  • Contact:
    Kevin Haydon
    Marketing and Communications Manager
    +1.845.797.2976