Westminster American Insurance Deploys Finys Suite

The insurer was able to go into production on commercial package, businessowners and commercial in 10 states within 50 weeks.

(Image credit: Shutterstock.)

Westminster American Insurance Company has deployed the Finys Suite, a platform of integrated modules for processing personal and commercial property/casualty insurance. The Owing Mills, Md.-based insurer has gone into production with commercial package, business owners policy and commercial umbrella on the Suite.

John Scott, President and CEO, Westminster American Insurance.

Westminster American selected Finys (Troy, Mich.) because of its track record of successful implementations, the configurability of the Suite, its processing power and scalability, the self-service capabilities it provides for agents and policyholders, and the efficiencies it affords, according to a statement from the vendor.

Premium Growth

“Working with Finys, we were able to go live with three lines in 10 states in just 50 weeks,” comments John Scott, President and CEO, Westminster American. “We were able to grow our premium by 55 percent through August of this year over August of last year. That’s a testament to teamwork.”

“We’re grateful to John Scott and his team for their faith in us,” says Kurt Diederich, co-founder, president, and CEO of Finys. “They were focused and decisive. They leveraged our strengths and theirs. And they worked closely with us to ensure the right decisions were made at the right times.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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