ValueMomentum and Capital Insurance Group Lead Discussion on Underwriting Collaboration at ACORD LOMA '13 Session
SOUTH PLAINFIELD, N.J., May 9, 2013 /PRNewswire/ -- ValueMomentum, Inc., a Software & Services firm serving Insurance Carriers, today joined Capital Insurance Group® (CIG), the leading regional property and casualty insurer serving the Western United States Since 1898, in a session at the 2013 ACORD LOMA Forum, in Las Vegas, NV. The session, titled, "Enabling Underwriting Collaboration Using Portals" presented Capital Insurance Group's use of ValueMomentum's DealFoundry Underwriting & Portal.
The session was led by Capital Insurance Group CIO, David Todd and Commercial Product Manager, Ryan Bayne, where they shared the business objectives and the solution they selected. They outlined their objectives of providing a consistent work process to underwriters and enabling them to work remotely, their need to respond to market opportunities with a system where underwriting rules could be configured and deployed rapidly, and their goal of aiding underwriter-agent collaboration. They went on to describe how they conceived of the solution "VIEWS" – Virtual Integrated Electronic Workflow System, to meet their business goals.
Rajesh Narayan, General Manager and Head of P&C for ValueMomentum joined the discussion and introduced ValueMomentum's DealFoundry™ Underwriting and Portal, a next-generation solution that allows underwriters to optimally utilize their experience and time, ultimately driving profitable growth. He further discussed how DealFoundry was successfully implemented at Capital Insurance Group.
"This initiative has met our objective of improving underwriter and agent productivity with collaborative underwriting technology, to drive profitable growth," said David Todd, CIO, Capital Insurance Group.
"Our goal is to write about 40% of BOP business straight through, and this platform allows us to continuously improve key workflow metrics," said Ryan Bayne, Commercial Product Manager, Capital Insurance Group.
Rajesh Narayan, General Manager and Head of Property & Casualty at ValueMomentum said, "Underwriters need a specialized system like DealFoundry, that helps them optimally utilize their experience and time, and to collaborate with agents to close deals."
The session was well received, and an engaged audience posed business and technology questions to the speakers, while sharing comments.
ValueMomentum provides Technology Services & Business Software to Insurance, Financial Services and Health Payor firms. Our Customers like working with us because we deliver value to their initiatives, thereby, driving their momentum. ValueMomentum does this by applying a time-tested formula of combining strong technology expertise with deep industry experience.
ValueMomentum's software for Insurance Carriers includes iFoundry Rating Engine, iFoundry Product Configurator and DealFoundry Underwriting and Portal.
Tel.: +1 (908) 755-0370
SOURCE ValueMomentum, Inc.