Skywire Software Announces Release of InsBridge, 3.8
(PRLEAP.COM) MINNEAPOLIS, MINN. and FRISCO, TEXAS – June 3, 2007 – (Booth #429, IASA Annual Conference) Skywire Software, a leading provider of software and services for the insurance industry, today announced availability of InsBridge, 3.8. The company will showcase the latest release of the rating, rules and underwriting system, along with its comprehensive platform of market-leading business and Customer Communications Management applications for the insurance industry, during the IASA Annual Conference in Minneapolis, Minn., June 3-6.
InsBridge is a robust, yet easy-to-use, Web-based rating, rules and underwriting system that can integrate with any platform and operate on all major operating systems. This makes InsBridge an ideal solution for insurers seeking to enhance their existing technology investments with rating functionality. Insurers also leverage Skywire Software’s deep domain expertise and proven success integrating InsBridge with mainframe policy administration and other legacy systems, without disrupting business operations.
“The ability to extend the life of legacy systems, while adding powerful rating capabilities that addresses leakage and improves pricing sophistication is critical for insurers,” said Wendy Gibson, chief marketing officer, Skywire Software. “The latest market and customer-driven enhancements to InsBridge reflect our commitment to continually investing in our products and directing development based on the evolving business needs of insurers.”
InsBridge enables rating business analysts, underwriters, actuaries, IT developers and other insurance professionals with an understanding of underwriting logic to perform complex rating with supreme accuracy.
“As pricing and business complexity rises the software used to manage pricing and underwriting logic increases in importance,” said Craig Weber, senior analyst of research and advisory firm, Celent, LLC. “Implementing tools to manage the risk/price equation easily and accurately provides a clear competitive advantage.”
In the latest edition of its Insurance Software Deal Trends report, Celent named Skywire Software as a leading provider in the rating/quoting tools category, based on the number of deals the company inked in 2005 and 2006. "The leading providers named in the report are active in the insurance vertical," says Weber, who authored the report. "That gives them excellent insights into the unique needs of insurance carriers."
Key features included in InsBridge 3.8 are:
• Import and Export of Products – Programs and products can be imported and exported, and then easily shared among development environments. Rating products also can be archived to facilitate source control processes.
• Program Call Outs – Call outs can be created and issued to databases, applications, third party systems or other programs mid rating session.
• Program Workflow – Extensive decision tree logic determines the sequence in which programs should be processed.
In keeping with the company’s commitment to continued innovation Skywire Software also is pioneering a customizable underwriting data capture environment. When deployed agents can enter business data once and retrieve bindable quotes quickly and accurately.
Skywire Software serves more than 1,600 customers worldwide, including 1,000 insurance companies. The company core software components and services, which include rating, policy production, and customer correspondences, assist insurers in managing the lifecycle of a policy, as well as insurance data exchange and distribution.
About Skywire Software
Skywire Software is a leading software company serving the insurance, health care, utility, and financial services industries. The Company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,600 customers worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.
InsBridge is a robust, yet easy-to-use, Web-based rating, rules and underwriting system that can integrate with any platform and operate on all major operating systems. This makes InsBridge an ideal solution for insurers seeking to enhance their existing technology investments with rating functionality. Insurers also leverage Skywire Software’s deep domain expertise and proven success integrating InsBridge with mainframe policy administration and other legacy systems, without disrupting business operations.
“The ability to extend the life of legacy systems, while adding powerful rating capabilities that addresses leakage and improves pricing sophistication is critical for insurers,” said Wendy Gibson, chief marketing officer, Skywire Software. “The latest market and customer-driven enhancements to InsBridge reflect our commitment to continually investing in our products and directing development based on the evolving business needs of insurers.”
InsBridge enables rating business analysts, underwriters, actuaries, IT developers and other insurance professionals with an understanding of underwriting logic to perform complex rating with supreme accuracy.
“As pricing and business complexity rises the software used to manage pricing and underwriting logic increases in importance,” said Craig Weber, senior analyst of research and advisory firm, Celent, LLC. “Implementing tools to manage the risk/price equation easily and accurately provides a clear competitive advantage.”
In the latest edition of its Insurance Software Deal Trends report, Celent named Skywire Software as a leading provider in the rating/quoting tools category, based on the number of deals the company inked in 2005 and 2006. "The leading providers named in the report are active in the insurance vertical," says Weber, who authored the report. "That gives them excellent insights into the unique needs of insurance carriers."
Key features included in InsBridge 3.8 are:
• Import and Export of Products – Programs and products can be imported and exported, and then easily shared among development environments. Rating products also can be archived to facilitate source control processes.
• Program Call Outs – Call outs can be created and issued to databases, applications, third party systems or other programs mid rating session.
• Program Workflow – Extensive decision tree logic determines the sequence in which programs should be processed.
In keeping with the company’s commitment to continued innovation Skywire Software also is pioneering a customizable underwriting data capture environment. When deployed agents can enter business data once and retrieve bindable quotes quickly and accurately.
Skywire Software serves more than 1,600 customers worldwide, including 1,000 insurance companies. The company core software components and services, which include rating, policy production, and customer correspondences, assist insurers in managing the lifecycle of a policy, as well as insurance data exchange and distribution.
About Skywire Software
Skywire Software is a leading software company serving the insurance, health care, utility, and financial services industries. The Company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,600 customers worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.
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Contact Information
Helen Pitts
Skywire Software
Email Skywire Software
9723771110