News & Events
Camilion Solutions and EMC Enter Agreement to Accelerate and Simplify Insurer Policy Management Processes for Customers
4/17/2008, 9:00AM ET
Collaboration Will Empower Insurers to Substantially Improve Time-to-Market by Dramatically Simplifying Underwriting and Policy Production
TORONTO, ON and HOPKINTON, MA. - April 17, 2008
EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions and Camilion -- a leading provider of product development solutions and next-generation policy administration systems for insurance -- today announced details of a new joint sales and marketing agreement. The end result will help insurers substantially improve their time-to-market by simplifying underwriting and policy production.
Under terms of the sales and marketing agreement, Camilion customers will now be able to leverage EMC Document Sciences' xPression® 3 software suite to enable users to automate the creation and delivery of well-designed, highly personalized communications, including contracts, policies, relationship statements, correspondence, and marketing materials. In addition, EMC customers that are leveraging Document Sciences' software portfolio will now benefit from Camilion's Authority Suite®, a next-generation policy administration system that manages the entire policy lifecycle, including application data capture, qualification, rating, quote management, bind, issuance, and postbind.
"Our agreement with EMC will provide an automated straight-through process for insurers to improve their time-to-market by accelerating product development and automating underwriting and policy production," said Ross Orrett, CEO and President of Camilion Solutions. "Now policies administered in Authority Suite can be quickly personalized and custom-assembled in batch or real time, using multiple templates and data sources, and delivered via email, web, and/or print."
Douglas Winter, Vice President and General Manager of EMC Document Sciences, said: "EMC is pleased to work with Camilion helping to provide insurers with a complete next-generation technology to address the entire policy lifecycle, rather than simply enhancing legacy systems. Both Authority Suite and xPression 3 leverage third-generation, service-oriented architectures that incorporate web services and instill carriers with confidence that they are investing in solutions that can easily grow and adapt to their ever-changing business and market needs."
Under terms of the agreement, EMC and Camilion Solutions will leverage their respective industry expertise to accelerate and simplify the go-to-market processes of their insurance customers.
About EMC
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com
About Camilion
Camilion Solutions uses its deep knowledge of the insurance industry to develop software solutions that enable insurers to launch new or modified products more quickly and efficiently than competitors, automate underwriting, enable straight-through processing for online sales and deploy an agile, modern technology platform to better support current and future growth. Information about Camilion's products and services can be found at www.camilion.com.
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