Archive for the ‘News’ Category
W.E. Love Leaps Ahead with Blue Goose’s ExpertInsure
Blue Goose Technology Solutions, Inc. , a national provider of innovative insurance technology solutions for carriers, MGAs and wholesalers, is pleased to announce the selection of its ExpertInsure software by W.E Love & Associations, one of the nation’s largest privately owned transportation managing general agents.
“ExpertInsure allowed us to move quickly from a 10-year-old document management system to a cutting-edge solution,” said President & CEO John Love. “We now have an advanced system based on a platform that will allow us to stay on top of our technology needs for the foreseeable future and that translates into better service for our customers.” Additionally, W.E. Love purchased the billing and accounting system, Web portal, and policy issuance modules.
Within a shifting economy, MGAs must function at their top efficiency, and the technology they employ is one of the most critical elements of that equation. The Blue Goose team of insurance and technology experts carefully diagnoses each company’s unique needs and goals and matches them with the right solutions. These custom solutions are based on the newest available technology and allow clients to streamline both costs and implementation.
“Blue Goose helped us to identify the best solutions that technology has to offer today,” said Derek Brooks, senior vice president. “We’re now able to be nimble in a market that demands flexibility and strength to grow and succeed. Hands down, we made the right choice.”
About W.E.Love:
W. E. Love and Associates (WEL) C.M.G.A.) was founded on January 1, 1982. Today, it is one of the nation’s largest privately owned transportation managing general agents. For more information, visit www.welove.com.
P&C Insurers See 25%+ Increase in Speed to Market for Policy Admin Systems
A recent study by research and advisory firm Novarica, entitled US P/C Policy Administration Projects: Averages and Metrics 2012, reveals that more than half of the P&C insurers that have implemented new policy administration systems report improvements of more than 25% in speed to market and data accessibility, as well as gains in business user satisfaction, distributor service, and reduced technology risk.
Key findings of the study include:
- The average PAS project total cost (including internal costs) at a midsize insurer was $8.7 million. At a large insurer, the average total cost was $23.5 million. Roughly half the cost was internal staff, while license and software was less than 20% of total project costs.
- More than 85% of recent projects involved conversion, not additions of a new system. The majority of P&C insurers converted policies on renewal rather than prior to launch.
- The vast majority of P&C PAS projects include other components beyond core PAS such as agent portal, rating engine, underwriter workflow, billing, claims, reinsurance management, document generation, and business intelligence/reporting. Large insurers’ projects included 4.8 of these additional components on average, while midsize insurers’ projects included an average of 5.5.
- Most large P&C insurer PAS projects completed their initial rollouts in less than 20 months, and their full projects within 40 months. Midsize insurers’ initial rollouts were generally faster, but full roll-outs took more than 40 months for more than 1/3 of recent projects.
Come visit the Blue Goose Technology Solutions team in booth #22 at the AAMGA 2012 Automation and Technology Conference in Atlanta, GA. The conference will be held at the Intercontinental Buckhead Hotel from March 3-6, 2012. Blue Goose experts will be on hand to help you research the best possible solutions available and to demonstrate next generation software that will blow your mind.
Blue Goose’s ExpertInsure Selected by Liberty Insurance Brokers
Sherrills Ford, NC – Blue Goose Technology Solutions, Inc., a national provider of innovative insurance technology solutions for carriers, MGAs and wholesalers, is pleased to announce the selection of its ExpertInsure product by Liberty Insurance Brokers after a five year search to replace their existing technology.
“We chose Blue Goose because we wanted flexibility,” said Josh Malis, chief information officer for Liberty Insurance Brokers. “We wanted the ability to configure the software to fit what we do, as opposed to having to change our workflow to fit the software.” This win highlights Blue Goose’s ability to tailor its insurance specific offerings for companies both large and small.
Liberty serves a specialized niche of the commercial real estate market and has increased sales year over year causing it to outgrow its current system. Blue Goose software will be used to manage the company as a whole—for policy management, policy issuance, claims management, premium finance and document management. “We believe that Blue Goose is going to help us launch the company to the next level as an underwriter and as a sales organization, simultaneously,” said Liberty President and Founder Scott Engel.
The search at Liberty began several years ago when the technology was not yet available to accommodate its needs without incurring exorbitant customization costs. “We weren’t going to settle and give up the things we already had,” said Malis. “We were willing to wait until we found the right thing.” Along with its solutions, Blue Goose also provides consultation and follow-up to ensure each system is configured to meet the needs of the client. “They took the time to listen and were great at explaining their process,” added Malis. “And, the fact that they put everything in writing helped me to decide that they were the right company for us.”
About Liberty Insurance Brokers:
Liberty Insurance Brokers is a full-service commercial lines agency and program manager, specializing in investment real estate insurance in urban areas. Liberty works with commercial accounts, specialty accounts, forced placed bank programs, owners of large real estate schedules, and more.
Join Blue Goose Technology Solutions at the Target Markets Program Administrators Association’s 11th Annual TMPAA Summit from October 24-26, 2011 at the Hyatt Regency hotel in Scottsdale, Arizona.
This is one of the best conferences for MGAs to research top technology solutions. Stop by our booth and see why our clients look forward to their implementations!