Delphi Technology Announces Delphi Accelerator

BOSTON, June 22, 2016 /PRNewswire/ -- Delphi Technology, Inc., the recognized leader in technology solutions for medical professional liability insurance and an emerging provider of technology solutions for property and casualty insurance, today announced the latest release of Delphi Accelerator.     

Built on the new Delphi Velocity technology platform, Delphi Accelerator makes it easier for P&C insurers to leverage ISO Electronic Rating Content (ERC) to streamline, automate, and accelerate product development to maintain their competitive edge. Product managers can download and import ISO electronic rating content directly into their own content libraries in a matter of minutes instead of days, weeks, or months. They can define products for their target markets, desired lines of business, states, and issuing companies by adopting ISO ERC content and combining it with their own intellectual property seamlessly from a browser.

"Delphi Accelerator, used in conjunction with ERC, will greatly reduce the cost and time it now takes insurance carriers to institute circular changes," said John J. Flavin, Senior Vice President and Chief Business Development Officer of Delphi Technology. "Delphi Accelerator gives insurers the ability to radically improve product development speed and enhance product capability to pursue new opportunities and accommodate market demands."

Delphi Accelerator includes:

• ISO ERC Import Import ISO ERC in minutes without having to deal with its complex XML structure
• Content Categorization Turn ISO ERC into business user-friendly coverages, forms, rules, rates, rate tables, etc.
• Content Publication Publish content to Delphi Policy or any policy administration system
• Product Design Ecosystem Delphi Accelerator can interface seamlessly with any policy administration and data warehouse / business intelligence system
• Product Definition Workflows Product definition workflows allow insurance products to be created, modified, and managed through their filing lifecycles
• Global Searchable Content Search all insurance content in the content libraries
• Product-centric Content Adoption Flexible content adoption workflows allow product managers to freely use content from ISO ERC and their own content libraries
• Content Comparison Content comparison highlights potential and possible product changes
• Content Change Impact Analysis Impact analysis through integration with any policy administration system, Delphi Policy, and Delphi Reporting & Analytics enables product managers to gain insight into possible premium changes on books of business through designing what-if scenarios and carrying out simulations

"The true power of Delphi Accelerator lies in its ability to provide instant visibility into ISO content. Product managers can compare their products to any version of content from ISO ERC or their own content libraries and differences in rates, rules, forms, and coverages can be highlighted to support product definition decisions," said Rex James, Delphi's Vice President of P&C Sales. "They can also leverage the comparison and impact analysis functionality to perform product "what-if" scenarios for any combination of rates, rules, and forms from their own unique content libraries enabling them to tailor their product offerings to proactively evolve their market with unprecedented agility."

About Delphi Technology, Inc.

For more than 20 years, Delphi Technology has been the recognized leader in providing business software solutions to the healthcare professional liability market. Delphi delivers a comprehensive range of proven software solutions including underwriting, policy management, claims management, financial management, business intelligence, and predictive analytics.

Leveraging a highly flexible technology platform, Delphi enables companies to streamline their operations, optimize their business processes, and respond to changing business needs resulting in reduced costs, increased operational efficiency, and improved business intelligence.

Delphi Technology utilizes a proven implementation methodology ensuring the transfer of critical technical, business, and market and expertise throughout the deployment process resulting in successful implementations that come in on schedule and on budget. 

Headquartered in Boston, MA, Delphi Technology has offices throughout North America and in Shanghai, China.

For more information, please visit www.Delphi-Tech.com or call 617-259-1200.

Contact:
Bonnie Clark, Vice President of Marketing
Delphi Technology, Inc.
[email protected]
732-353-3519

SOURCE Delphi Technology, Inc.

Related Links

http://www.delphi-tech.com