(CodeObjects homepage screenshot.)
CodeObjects (Milpitas, Calif.) announced at the IASA Annual Educational Conference and Business Show, in Orlando, Fla., that United Insurance Holdings Corp., a St. Petersburg, Fla.-based property/casualty insurance company, has implemented the vendor’s Insurance Enterprise in the cloud. CodeObjects describes Insurance Enterprise as a complete, end-to-end software platform for all aspects of property/casualty insurance processing.
UPC has deployed Insurance Enterprise for policy administration, underwriting, billing, and rating, along with ancillary functions, such as distribution management, G/L accounting integration, cash processing, forms generation, content management, and operational reports, according to a vendor statement. The insurer is now able to define rating algorithms, underwriting, billing rules, forms development and report generation by way of simple configuration. Consequently, UPC is now able to more quickly launch new states and products in support of its growth initiatives, CodeObjects reports.
“We anticipate launching new states and products faster and at a lower cost as we move forward,” affirms Andy Swenson, CIO, UPC. “Moreover, we anticipate significant savings on the updating and maintenance of the ongoing states once they are in production. Most importantly, we expect the CodeObjects platform to improve our agent and policyholder experience”
Configurability and Cloud
“Configurability and cloud are the key priorities we focused on from day one,” comments Anil Annadata, CEO of CodeObjects. “Configurability delivers speed to market, and cloud enables our customers to reduce their IT infrastructure investments. We are thrilled to see UPC Insurance realize the benefits of Insurance Enterprise” Annadata added.