HARTFORD, CT — (MARKET WIRE) — 06/19/08 — To support the launch of its new commercialauto insurance business, GEICO implemented Insurity’s Insurance Decisionsproduct, an end-to-end processing suite. GEICO’s initial states are inproduction, and the auto insurer plans to roll out the system across therest of the U.S. throughout 2008 and into early 2009.
Insurity, a ChoicePoint® company, provides software and services to theproperty-casualty industry.
“We wanted a full solution,” said Kushwant Singh, GEICO director ofcommercial lines. “Insurity offered an end-to-end solution, and we got itup and running in record time. We’re delighted to be out in the marketplaceso quickly.”
“We are using Insurance Decisions for policy administration, claimsmanagement, billing, data warehouse, reporting and business intelligence,”said Jess Reed, GEICO’s chief information officer. “We’re also takingadvantage of its capabilities for regulatory compliance and bureaureporting, as well as printing and distribution services. It’s been a bigplus for us to work with such a talented group.”
“It’s been a great partnership and we were able to convert a businessconcept into reality in six months,” said Bob Larew, Insurity senior vicepresident. “Together we delivered on time, on budget and with qualityresults. Insurity is proud to be associated with a recognized name likeGEICO, and we’re pleased to have a vote of confidence from thissophisticated industry leader.”
GEICO sales representatives and executives access the Insurance Decisionssystem, hosted at the Insurity data center in Alpharetta, Ga., via the Web.
GEICO (Government Employees Insurance Company) is the fourth-largestprivate passenger auto insurer in the United States. It provides autoinsurance coverage for more than 8 million policyholders and insures morethan 13 million vehicles. In addition to auto insurance, GEICO offerscustomers insurance products for their motorcycles, all-terrain vehicles(ATVs), boats, homes, apartments and mobile homes. Personal umbrellaprotection and life insurance are also available. As a member of theBerkshire Hathaway group of companies, GEICO is rated A++ for financialstability by A.M. Best Company and ranks at the top of several nationalcustomer satisfaction surveys. For more information, go tohttp://www.geico.com.
Headquartered in Hartford, Conn., Insurity offers Insurance Decisions –the most comprehensive software and services in the property/casualtyindustry covering rate, quote, issuance, administration, billing, claims,reinsurance, data warehousing, compliance support, regulatory reporting,hosting and managed services. Customers include more than half of thenation’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.
ChoicePoint (NYSE: CPS) provides businesses, government agencies andnon-profit organizations with technology, software, information andmarketing services to help manage economic and physical risks as well asidentify business opportunities. Consumers have free access to the reportswe create at www.ChoiceTrust.com. Learn what we do to protect consumerprivacy by visiting www.PrivacyatChoicePoint.com and, for more informationon our company, go to www.ChoicePoint.com.
ChoicePoint is a registered trademark of ChoicePoint Asset Company.
Contact:Beth BartlickInsurity860email@example.comHenry StimpsonStimpson Communications508-647-0705Henry@StimpsonCommunications.com