Central Mutual Insurance Selects Group 1 Software's Geocoding Solution to Streamline Workflow and Underwriting Process
Press release from the issuing company
LAS VEGAS, May 22 -- Group 1 Software, Inc., a Pitney Bowes Company, today announced that Central Mutual Insurance Company has chosen to integrate Group 1's high-definition data solution into its operational policy management system. Group 1's AddressBroker geocoding solution will automate the underwriting process and enable Central Mutual to base underwriting decisions on highly accurate geographical and customer data to better minimize risk.
Group 1's geocoding solution is designed to enable property and casualty (P&C) insurers, including Central Mutual, to reduce costs, help streamline workflow and help ensure the correct premium assignment to every risk.
"Highly accurate real-time territory assignment is a critical requirement for us as property and casualty insurers," said Mike Guth, vice president, Personal Lines Underwriting, Central Mutual Insurance. "With this capability, which easily integrates into our real-time applications, we will be able to better serve our agents and customers while complying with regulatory requirements."
Group 1 Software's geocoding solution suite offers the most comprehensive, accurate and powerful software solutions for address-level geocoding and business geographics. AddressBroker(TM) is the client/server geocoding solution within Group 1's business geographics suite which offers a range of geographic analysis and enrichment functions. The technology performs geographic coding, address standardization, geographic analysis and demographic enrichment in interactive applications such as call centers and Web-based applications.
"In a competitive world, choosing to implement high-quality, location accuracy geocoding solutions has never been more essential to P&C insurers," said Steve Walden, vice president and general manager, Centrus Division, Group 1 Software. "We are committed to providing our customers with geocoding solutions that help them increase revenue, optimize operational efficiencies, and drive maximum value from customer relationships."
Demonstrations of Group 1 Software's high-definition data solutions, as well as its market leading software for the creation, storage, delivery and support of highly personalized customer communications, can be seen at the ACORD LOMA Insurance Systems Forum (booth #1001) until May 24, 2006 at the Mandalay Bay Resort in Las Vegas, Nevada.
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