Freestone Insurance Company (FIC, Dallas – formerly Dallas National Insurance) anticipates going live on PCIS’s CompVISION as the carrier’s new workers’ compensation platform within 45 days of implementation kick-off. CompVISION will serve as FIC’s single platform for managing workers’ comp across 44 states and two brands.
FIC chose PCIS’s CompVISION to meet it requirements for a fully configured system, with efficient, integrated and optimized workflows, and a specified level of data consistency, delivered within an aggressive timeline, according to a PCIS statement.
The ability of PCIS to deliver a content-rich, fully configured workers’ compensation system was a fundamental criterion of selection, according to Stephen Su, chief underwriting officer, FIC. “I can liken our previous experience of working with a DIY ‘custom’ system with building a house and having my architect hand me a blank sheet of paper, hammer and nails with no guidance. With PCIS we get a solid blueprint with everything well thought out and vetted. If we want to make adjustments it is easy to do.”
“We did a careful review of every system on the market that advertised that it supported workers’ comp,” comments Mark Carter, CEO, FIC. “From our first look at CompVISION we were impressed — in the first demo PCIS showed us the system accurately rating and issuing our policies. The system’s capabilities combined with PCIS’s ability and willingness to contractually commit to our timeline made for a winning combination.”
PCIS will deliver CompVISION to FIC with all necessary workers’ compensation content, including state and bureau rates, rules, and forms, according to the vendor statement. With PCIS providing full service, including product definition, FIC will be able to meet its short implementation schedule, the vendor asserts.
FIC’s Su notes that the combined attributes of CompVISION, including the characteristics of PCIS as a partner, translate to reduced risk and prove invaluable when “failure is not an option.”