SOURCE: EFFISOFT

Effisoft

May 06, 2013 11:59 ET

Motorists Insurance Group Chooses Effisoft's WebXL as Reinsurance Administration System

DALLAS, TX--(Marketwired - May 6, 2013) -  The Motorists Insurance Group, Columbus, Ohio, has chosen Effisoft's WebXL software for ceded reinsurance administration. Effisoft USA, Dallas, is the North American division of Effisoft, Europe's leading vendor of reinsurance software

Motorists will gain a comprehensive solution that provides enhanced data access, improved controls and fully automated processing, according to Tom Brock, assistant vice president, corporate accounting, of Motorists.

"WebXL will give us strong analytic and reporting tools, with a primary focus on loss-side administration for ceded property and casualty contracts," Brock said.

The Effisoft product will replace the legacy system Motorists has used to manage reinsurance. 

"This is a milestone contract because Motorists is our first client since opening our Dallas office," said Joseph Sebbag, CEO of Effisoft USA. "We look forward to working with one of America's most-respected insurers."

The Motorists Insurance Group, headquartered in Columbus, Ohio, consists of 10 property and casualty insurance, life insurance and insurance brokerage companies. Motorists Mutual, established in 1928, is the lead company in the group. A major regional property and casualty insurer, the company is represented by more than 4,500 independent agents who live and work in local communities throughout its six-state area of Ohio, Pennsylvania, West Virginia, Kentucky, Indiana and Michigan.

The Motorists Insurance Group is rated A (Excellent) by A.M. Best Company, the leading provider of insurer ratings. The rating measures financial strength and ability to meet obligations to policyholders.

Visit Effisoft at the ACORD LOMA Forum (booth 224) and the IASA annual conference (booth 1338).

Founded in 1989, Effisoft (www.effisoftusa.com) is an independent, expanding, proactive company that respects its commitments towards its clients. It is committed to improving its products and services to provide impeccable support to an increasingly diversified and demanding market. Based in Paris, the worldwide company has more than 300 clients in five continents and 15 countries.

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