Authority Suite Now Lets Insurers Leverage ISO Electronic Rating Content

Camilion, the First ISO Electronic Rating Content Associate, Unveils Authority Suite 5.0 at IASA 2010

Camilion announced the latest version of its product-agile P&C policy administration system at IASA 2010.

Among many new features, Authority Suite® 5.0 now includes full support for ISO Personal and Commercial Lines products including up-to-date Camilion Base Products™ (ISO loss costs, rates, rules and form logic), with interpreted content that can be quickly and easily extended with proprietary product features.

Authority Suite, powered by ProductAuthority®, is a rules and tools-based P&C policy administration system that supports all ISO and non-ISO products.

Camilion also announced that it is the first P&C policy administration system vendor to be named an ISO Electronic Rating Content Associate.

“Camilion was the first policy administration vendor to adopt the program because they realized their modern architecture, best practice product modeling, and advanced product inheritance and re-use capabilities will allow their customers to easily integrate ISO Electronic Rating Content and tailor it for company-specific products,” said Kevin Thompson, Senior Vice President, Insurance Services, ISO. “Time to market is accelerated and data quality is improved because analysis and implementation of the thousands of ISO circulars created per year does not have to be done manually.”

With Authority Suite 5.0, insurers can now quickly develop ISO-based products using content interpreted right at the source. While other solutions offer only quick start templates, Camilion’s newly created Camilion Product Factory builds ISO Base Products that can be integrated into Authority Suite. This provides the complete ISO product structure an insurer needs to create a tailored product offering. The integration of ISO content with Authority Suite, using the Camilion Base Products, dramatically reduces implementation times and costs, while accelerating time to market.

To learn more about what’s new in Authority Suite 5.0, click here.

"Camilion was the first policy administration vendor to adopt the program because they realized their modern architecture, best practice product modeling, and advanced product inheritance and re-use capabilities will allow their customers to easily integrate ISO Electronic Rating Content and tailor it for company-specific products" - Kevin Thompson, Senior Vice President, Insurance Services, ISO