Exigen Insurance Solutions®, a global provider of core systems and business transformation to insurers, announced today that it has shipped the first Exigen Pre-configured Solution Package for property insurance to CSAA Insurance Group, a AAA insurer. The package provides CSAA Insurance Group a complete rating, underwriting, policy administration and billing solution for its property lines of insurance that promises speed to market, product agility and a lower cost of ownership.
“The Exigen Pre-configured Solution Package is attractive software that gives several upfront advantages and some long-term benefits,” said Steve O’Connor, chief information officer for the Insurance Group. “We expect it to reduce the typical time it takes us to introduce individual state property insurance products and we plan to adapt it using in-house resources to meet the needs of the insurance company’s partners. Also, we anticipate a fast upgrade path for the product with a process we will be able to manage internally.”
Exigen Pre-configured Solution Package comes with a high degree of pre-configuration of product, processes and interfaces out-of-the-box. The key benefit for insurers is the large reduction in solution customization requirements that results in rapid and efficient product deployments and solution version upgrades. CSAA Insurance Group provides AAA-branded property lines insurance to more than 17 million AAA members in the 23 states served by the insurance company. CSAA Insurance Group has already implemented and is rolling out auto products for its partner states on the Exigen core systems platform.
“We are excited that CSAA Insurance Group has selected Exigen for its property lines business in addition to its ongoing auto lines roll-out,” said Alec Miloslavsky, executive chairman and CEO, Exigen Insurance Solutions. “As the first customer of our pre-configured property solution, we look forward to helping them quickly enhance and grow their property lines operations.”