New ETF Book by Larry Connors - Click here to read more
EQC is a government-owned Crown Entity responsible for providing residential natural disaster insurance coverage throughout New Zealand. To function at its best EQC needs a single claims system with flexible functionality, which is easy to use - and has a short learning curve for new users, the company said.
Its previous claims management system was nearing the end of its lifespan and could not provide the functionality and flexibility that met the Commission's strategic direction. EQC sought to improve its claims capabilities with an "anytime/anywhere" web-based claims system that was easily accessible by a remote workforce - regardless of their location - and could instantly scale as its business demanded. EQC's claims volume can surge from an average of 3,000- 4,000 claims annually to 100,000-200,000 in the event of a large-scale natural disaster in an urban area, according to the company.
According to the company, EQC selected IBM to lead this strategic claims project which included solution design and development as well as software selection, configuration and deployment. After extensive and careful evaluation, IBM had selected Guidewire ClaimCenter because it is a proven, modern, end-to-end claims management system that can be readily configured to meet EQC's specific requirements. EQC also selected IBM to host and manage their ClaimCenter Implementation for an initial term of 10 years.
"We found the Guidewire application to be easy to configure and straightforward to implement and integrate with EQC's other systems," said Bill Doak, IBM global business services partner, Asia-Pacific. "This is a great example of IBM's ability to provide software-as-a-service and it highlights the real value proposition IBM provide clients."
The result is proving to be an ideal fit for EQC. "Our adjusters, claims staff and managers absolutely love the system and all the functionality improvements that have come with it," says EQC's insurance manager Lance Dixon. "ClaimCenter's electronic claim file, and online notes, keeps everyone updated on a claim's status, freeing the adjuster to focus on managing the EQC/claimant relationship instead of continuously providing status reports."
"IBM's global depth and breadth of expertise proved invaluable in developing the right solution for EQC and we commend IBM for being the first Guidewire Alliances partner outside of North America to successfully implement ClaimCenter," said Ian Tavener, vice president, International Operations, Guidewire Software. "We are also very proud that our technology is playing a key role in EQC's claims business and helping them to better serve the people of New Zealand."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
http://www.10meters.com
Comments on this story may be sent to newsdesk@closeupmedia.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
