BRANCHVILLE, N.J., July 26 /PRNewswire/ --
Selective Insurance Group, Inc. (Nasdaq: SIGI), announced today that its
independent agent partners have issued more than $2 million in business
through "One & Done," Selective's Internet-enabled business system that allows
agents to quote, bind and process small business policies within minutes.
"One & Done" is designed to reduce transactional costs for agencies and
Selective by providing straight-through processing of small commercial
insurance policies. The system is easy to use, reaches a targeted mix of
business segments, and works with minimal company intervention, as agencies
are able to complete a quote and proposal at the point of customer contact,
with automatic delivery of policies.
"We created 'One & Done' in response to agent requests for a tool to help
them grow their small business accounts in a cost-effective manner," said Bill
Becker, Selective's senior vice president of strategic business unit
operations and chief commercial lines underwriting officer. "The system
affords agents more time to work on larger, more complex accounts, and it
enables Selective to enhance agency relationships, while lowering policy
Selective began piloting "One & Done" in the second half of 2000. Today,
it has been installed in more than 450 independent agencies and is available
in all 20 states the company serves.
Kathy Bennett, commercial marketing manager for the Avery W. Hall
Insurance Agency in Salisbury, MD, says, "This is one of the easiest ratings
systems to use. You see it once and you know what to do. You enter the
information once online and it's done, just like the name says."
KT&D Insurance Agency in Wilmington, DE, is Selective's largest producer
of business through the "One & Done" system. Kevin P. Brady, the agency's
chief executive officer, compares the system to one of his best business
partners. "'One & Done' works and it works well," he said. "By being able to
rely on the system, you present a favorable image to your clients that
supports your credibility and professionalism. That's a success story in
Selective Insurance Group, Inc., headquartered in Branchville, New Jersey,
is a holding company for five property/casualty insurance companies that offer
primary and alternative market insurance for commercial and personal risks.
Both A.M. Best and Standard & Poor's Insurance Rating Services rate
Selective's insurance companies A+. The company offers medical claim
management services to insurance companies and other businesses through Alta
Services LLC, a managed care organization, and through Consumer Health Network
Plus, LLC, (CHN), a medical provider network; human resource administration
services and risk management products and services through Selective HR
Solutions, Inc.; flood insurance policy, administration and claim services
through the National Flood Insurance Program, through FloodConnect, LLC; and
software development and processing services through PDA Software Services,
Inc. Selective maintains a website at http://www.selective.com.
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SOURCE Selective Insurance Group, Inc.