Headline News: Home & Auto

PR Newswire — June 8, 2009

    Fully Functional Modern P&C Policy Administration System Together with
    State-of-the-Art Claims System Provide Insurers with Potential for
    Lower Total Cost of Ownership

KISSIMMEE, FL, June 8 /PRNewswire/ - Camilion Solutions, a leading provider of insurance product development solutions and modern P&C policy administration systems that create product agility, and BlueWave Technology, a leading provider of claims management solutions, today announced a strategic marketing and technology agreement. This alliance will enable Camilion to demonstrate real claims integration, a capability that will showcase Camilion’s modern, rules- and tools-based, policy administration system, Authority Suite, and BlueWave’s PipelineClaims(TM), a state-of-the-art browser-based claims administration system, as a strong best of breed solution for property/casualty (P/C) insurance companies. In addition to this partnership both Camilion and BlueWave, will continue to work with other best of breed complementary software providers.

“The BlueWave/Camilion partnership brings together two best-of-breed modern systems providing insurers with a single solution to support all lines of business - commercial, specialty and personal,” said Robert Logan, senior vice president of sales for Camilion Solutions.
“Leveraging automated workflows within both systems to efficiently and effectively manage policy, product development and claims processes, we will be able to demonstrate a completely web-based solution that can enable P/C insurers to get quality products to market faster and be easier to do business.”

Leveraging a Service-Oriented Architecture (SOA), Authority Suite supports the entire policy lifecycle, features a consolidated underwriting workstation and straight-through processing (STP), and is powered by Camilion’s ProductAuthority(R), the world’s only “true”
product configurator. ProductAuthority externalizes all product data and rules from hard-coded operational systems into a central repository, where products can be easily configured and modified.
Authority Suite also includes a web-based product development “desktop”
that includes automated workflows, providing insurers the ability to track and manage tasks and participants involved in the product development process.

Through automated business rules, an extensible architecture and proven technology, PipelineClaims offers a high degree of flexibility through easily configurable business workflows to meet the ever-changing and rigorous demands of the insurance industry. Further, by integrating with existing core administration systems, including policy administration, document management and more, PipelineClaims increases productivity and reduces operational cost. “Camilion and BlueWave are both innovators in insurance positioned for fast growth, and this partnership will enable us both to demonstrate the power and flexibility of our solutions,” said Riki Fujitani, president of BlueWave Technology. “Combining centralized claims operations and business process management (BPM) to expedite claims resolution with a modern policy administration system like Camilion’s AuthoritySuite, we can clearly show P/C insurers how they can improve implementation times, reduce cost and mitigate risk.”

About BlueWave Technology

BlueWave Technology is the developer of PipelineClaims, a state-of-the-art, browser-based, technology solution that combines core claims administration capabilities with business process management
(BPM) and configurable business rules. Pipeline Claims offers rich functionality to help property/casualty insurance companies, third-party administrators (TPAs), and self-insured organizations improve customer service, enhance profitability, drive down claim costs and increase customer retention rates through modern technology with the lowest total cost of ownership (TCO) available in the insurance industry today. BlueWave was recently awarded the Celent and Insurance Networking News 2009 V.I.P (Vanguards in Insurance Practices) Award for “Company to Watch.” For more information, please visit the BlueWave website at www.bluewave-technology.com.

About Camilion Solutions(TM) Inc.

Camilion Solutions, Inc. (www.camilion.com) is a leading provider of world-class insurance product development solutions and modern P&C policy administration systems that create product agility. With some of the world’s largest insurers as customers, Camilion uses its deep knowledge of the insurance industry to enable insurers to concurrently develop or modify quality products, get these products to market faster, automate underwriting, enable straight-through processing, and deploy a modern technology platform all while mitigating risk and reducing costs. Camilion is a privately owned corporation founded in
2001 with offices in Toronto and New York.
    Authority Suite(R), ProductAuthority(R) and related names are trademarks
    of Camilion Solutions(TM), Inc. All other products and services mentioned
    are trademarks of their respective companies

SOURCE Camilion Solutions Inc.