Contact Information: Contact: Beth Bartlick Insurity 860-616-2604 beth.bartlick@insurity.com Henry Stimpson Stimpson Communications 508-647-0705 Henry@StimpsonCommunications.com
GEICO Teams Up With Insurity to Launch GEICO's New Commercial Auto Product
| Source: Insurity
HARTFORD, CT--(Marketwire - June 19, 2008) - To support the launch of its new commercial
auto insurance business, GEICO implemented Insurity's Insurance Decisions
product, an end-to-end processing suite. GEICO's initial states are in
production, and the auto insurer plans to roll out the system across the
rest of the U.S. throughout 2008 and into early 2009.
Insurity, a ChoicePoint® company, provides software and services to the
property-casualty industry.
"We wanted a full solution," said Kushwant Singh, GEICO director of
commercial lines. "Insurity offered an end-to-end solution, and we got it
up and running in record time. We're delighted to be out in the marketplace
so quickly."
"We are using Insurance Decisions for policy administration, claims
management, billing, data warehouse, reporting and business intelligence,"
said Jess Reed, GEICO's chief information officer. "We're also taking
advantage of its capabilities for regulatory compliance and bureau
reporting, as well as printing and distribution services. It's been a big
plus for us to work with such a talented group."
"It's been a great partnership and we were able to convert a business
concept into reality in six months," said Bob Larew, Insurity senior vice
president. "Together we delivered on time, on budget and with quality
results. Insurity is proud to be associated with a recognized name like
GEICO, and we're pleased to have a vote of confidence from this
sophisticated industry leader."
GEICO sales representatives and executives access the Insurance Decisions
system, hosted at the Insurity data center in Alpharetta, Ga., via the Web.
About GEICO
GEICO (Government Employees Insurance Company) is the fourth-largest
private passenger auto insurer in the United States. It provides auto
insurance coverage for more than 8 million policyholders and insures more
than 13 million vehicles. In addition to auto insurance, GEICO offers
customers insurance products for their motorcycles, all-terrain vehicles
(ATVs), boats, homes, apartments and mobile homes. Personal umbrella
protection and life insurance are also available. As a member of the
Berkshire Hathaway group of companies, GEICO is rated A++ for financial
stability by A.M. Best Company and ranks at the top of several national
customer satisfaction surveys. For more information, go to
http://www.geico.com.
About Insurity
Headquartered in Hartford, Conn., Insurity offers Insurance Decisions --
the most comprehensive software and services in the property/casualty
industry covering rate, quote, issuance, administration, billing, claims,
reinsurance, data warehousing, compliance support, regulatory reporting,
hosting and managed services. Customers include more than half of the
nation's top 20 commercial lines carriers as well as regional carriers,
specialty lines writers and MGAs. For more information about Insurity,
call 860-616-7721 or visit www.insurity.com.
About ChoicePoint
ChoicePoint (NYSE : CPS ) provides businesses, government agencies and
non-profit organizations with technology, software, information and
marketing services to help manage economic and physical risks as well as
identify business opportunities. Consumers have free access to the reports
we create at www.ChoiceTrust.com. Learn what we do to protect consumer
privacy by visiting www.PrivacyatChoicePoint.com and, for more information
on our company, go to www.ChoicePoint.com.
ChoicePoint is a registered trademark of ChoicePoint Asset Company.