Nov 2, 2016 - solutions,â John J. Flavin, Senior Vice President and Chief Business ... management, business intelligen
Contact: Bonnie Clark, Vice President of Marketing Delphi Technology, Inc.
[email protected] 732-353-3519 DELPHI TECHNOLOGY INTRODUCES DELPHI RATING Newest addition to Delphi’s Velocity Suite, Delphi Rating enables P&C insurers to bring configurability, flexibility, speed, and quality to the rating process Boca Raton, FL – November 2, 2016 – From the ACORD2016 event Delphi Technology, Inc., the recognized leader in technology solutions for medical professional liability insurance and an emerging provider of technology solutions for property and casualty insurance, today announced the introduction and immediate availability of Delphi Rating. Delphi Rating is the latest addition to Delphi’s Velocity Suite of core P&C insurance solutions which also includes Delphi Policy and Delphi Accelerator. While the initial target market for Delphi Rating is commercial and specialty lines insurers, the solution is capable of supporting all lines of P&C insurance including personal lines. Coupled with Delphi’s recently introduced Delphi Accelerator product configurator, Delphi Rating offers P&C insurers a modern, powerful, and flexible rating solution that includes the ability to efficiently consume ISO Electronic Rating Content (ERC). Delphi Rating can be deployed as a standalone solution for any policy administration system or as a component of the fully integrated Velocity Suite. Additionally, the system can be deployed on premises or in the Cloud based on each insurer’s preference. “Delphi Rating is an ideal complement to Delphi Policy and Delphi Accelerator and reflects our continued strong investment in broadening and deepening the capabilities we offer with our Velocity Suite of P&C solutions,” John J. Flavin, Senior Vice President and Chief Business Development Officer, Delphi Technology. “Delphi Rating will make a significant difference for insurance carriers looking to strengthen both their top and bottom lines through efficient rating and the introduction and maintenance of innovative insurance products.” Using Delphi Rating, key benefits carriers can expect include: • Efficiently configure and maintain algorithms and rates • Leverage third-party rating data (AAIS, ISO, NCCI), co-existing with the carrier’s proprietary data within the same repository for easy access, configuration, and export • Achieve independence from the policy administration system for rating maintenance • Centralize product and rating information for export to policy administration or point-of-sale systems • Configure simple or complex algorithms for coverages, taxes, fees, and surcharges • Provide users a “tree view” to see the hierarchy of the calculations as they are configured About Delphi Technology, Inc. For more than 25 years, Delphi Technology has been the recognized leader in providing business
software solutions to the healthcare professional liability market. Delphi delivers a comprehensive range of proven software solutions including underwriting, policy management, claims management, financial management, business intelligence, and predictive analytics. Leveraging a highly flexible technology platform, Delphi enables companies to streamline their operations, optimize their business processes, and respond to changing business needs resulting in reduced costs, increased operational efficiency, and improved business intelligence. Delphi Technology utilizes a proven implementation methodology ensuring the transfer of critical technical, business, and market and expertise throughout the deployment process resulting in successful implementations that come in on schedule and on budget. Headquartered in Boston, MA, Delphi Technology has offices throughout North America and in Shanghai, China. For more information, please visit www.Delphi-Tech.com. About ACORD ACORD, a non-profit organization founded in 1970, provides the global insurance industry with data standards and solutions that facilitate accurate, effective, and efficient data exchange. As a memberdriven Standards Development Organization (SDO), ACORD brings together a diverse mix of industry stakeholders having a vested interest in improving effectiveness and efficiency. Today, ACORD provides the global insurance industry with more than 1,200 standardized transaction types, and engages more than 4,000 participating organizations across 20 countries. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations, and industry associations. www.acord.org.
