NEW YORK, Sept. 4, 2007 (PRIME NEWSWIRE) -- Systems Task Group (STG), an enterprise-wide provider of property/casualty insurance software solutions, is pleased to announce three new insurance client contract signings and the successful implementation of billing and policy components of STG's Renaissance Suite by four additional insurance clients.
"We're scaling new heights," said John Murdock, president of Systems Task Group. "STG continues to grow and receive accolades for excellence in business, product strength and depth of functionality. I am very pleased to announce that we have been able to again increase STG's presence in the insurance industry by adding a significant number of new customers to our existing portfolio."
Companies that recently purchased STG's Renaissance Billing include:
* Farmers Alliance Mutual Insurance Company,
* Max Specialty Insurance Company, and
* An additional unnamed mid-sized Midwest property/casualty
insurer.
STG clients that recently implemented Renaissance Billing include:
* Capitol Indemnity Corporation,
* Max Specialty Insurance Company, and
* RLI Insurance.
Another existing STG client:
* Tokio Marine Management, Inc., recently implemented Renaissance
Policy for its NY personal auto business using STG's Managed
Application Hosting (MAH) service.
STG's Renaissance Suite provides effective, fully integrated or stand-alone components for policy, billing, and claims automation. Based on the Oracle platform and using Java/HTML as the presentation layer, Renaissance solutions offer insurers a tremendous value proposition -- the ability to establish efficient workflows, manage complex product distribution schemes, and accommodate unique business models.
STG's Renaissance Billing and Renaissance Policy components are gaining ground in the insurance industry. The company's concentration on building core administration systems and components essential to insurance businesses provide insurers the ability to take back office capabilities to a new level of excellence.
For more information, please visit www.stgil.com or contact Nikeeta Sarang at 646-731-1025 or via email at nikeeta.sarang@stgil.com
About Systems Task Group (STG)
As an I.P. based provider of solutions and services to property/casualty space, STG has pioneered a unique model -- The Integrated Insurance Service Center (IISC) combining functionally rich solutions with an advanced support and services framework (The Insurance Factory) that provides an industrial strength, assembly-line predictability, quality and time-to-market benefit to customers. Today with more than 35 active customers and over 350 professionals with property/casualty insurance experience, STG is an established and stable provider of solutions and services for the insurance industry.