NewswireToday - /newswire/ -
Mississauga, Ontario, Canada, 2009/04/27 - Harcase Software Ltd’s RapidSure Policy Engine delivers true component based Service Oriented Architectures (SOA) allowing P&C companies to quickly and progressively remodel their IT transactional infrastructure.
Harcase Software Ltd today announced the general availability of its RapidSure Policy Engine solution. The RapidSure Policy Engine is the premier web portal Property and Casualty insurance policy administration and lifecycle processing solution that delivers true value to carriers, their customers and their business partners. The solution delivers the business processes and tools needed for carriers to address the ever competitive insurance landscape while providing a fully-integrated solution.
The RapidSure solution has already been implemented in a number of P&C carriers’ head offices and has been rolled out to broker networks across North America. Built using the most current modern technologies including; Web 2.0, Java, Web Portals and Web Services, RapidSure lets carriers take advantage of these technological advancements in a cost effective and manageable process. The utilization of RapidSure’s rules-based component technology enables rapid product deployment and tremendous market agility.
"This is the next generation of policy administrations systems; the ability to respond quickly to changes in the market while providing a facility for companies to strategically affect change within their technology infrastructure, without having to completely replace their legacy systems all at once. “ said Daniel Sobotincic, President and CEO of Harcase Software Ltd. "By componentizing our solutions and our implementation approach we can provide the tools and architecture that enables carriers to progressively modernize their IT Enterprise Architecture. Essentially it can be implemented as the carrier’s strategy dictates, over whatever timeframe works for them.” Sobotincic added.
RapidSure Policy Engine framework is optimized to support insurance business transactions. It is designed as a Service Oriented Architecture that exposes internal processes through a set of well-defined services and consumes external services from third party applications. The framework is built on standard JEE technologies and utilizes industry-defined design patterns that support high volume processing. The architecture and overall framework supports constant innovation and enhancement with very fast time-to-market and reduced distribution costs.
Greg Thornton, President and CEO of Octello Inc Inc., Harcase’s North American sales and implementation partner said “We are very excited to have the opportunity to market and implement the RapidSure product in North America. It is by far the best system available on the market today and provides our clients with a solution that allows them to realize benefits in a very short period of time.”. The RapidSure Policy Engine is part of a comprehensive suite of insurance web-based business services currently in the market that include; the RapidSure Insurance Enterprise Architecture, the RapidSure Insurance Business Integration Platform, the RapidSure Point of Sale Portal, the RapidSure Product Configurator and the RapidSure Conversion solution.
Key product features include:
• Full Policy Lifecycle;
• Product development and maintenance tools including rules engine, product configuration, workflow, and user interface management;
• Open architecture utilizing SOA, Web Portal and Web Services;
• Reusable pre-built insurance products;
• Insurance data messaging integration supporting industry standard data formats;
• Automated underwriting and rating, supporting straight through processing;
• Integrated workflow and policy definition engines;
• Predefined data upload and download with producers and business partners;
• Automatic online policy document production.
About Harcase Software Ltd
Established in 2003, Harcase Software Ltd (harcase.com) is a privately held company dedicated to providing enterprise software development resources and products to the Property and Casualty insurance industry. Backed by an experienced management team with over 20 years of experience in enterprise solutions to the global insurance market, Harcase understands the business pressures and challenges faced by insurers and delivers solutions that meet and anticipate their needs. The company is committed to ongoing research in emerging technologies and has established itself as a trusted advisor to the P&C insurance community in addition to consistently delivering high quality technical solutions and services to address the business needs of each customer. Harcase head office is located in Mississauga, Ontario, Canada.
About Octello, Inc.
Octello Inc. (octello.com) is a leader in the provision of progressive IT solutions and consulting services to the insurance industry. Octello is committed to delivering the highest level of insurance expertise and enterprise software solutions that deliver fast and immediate business benefits to their clients. By providing solutions that can smoothly replace or integrate with legacy systems, Octello delivers its clients, improved revenue growth, cost reduction and increased customer retention. Octello strives to empower their clients with the tools necessary to control the direction and growth of their business through technology. Octello’s principals have been trusted advisors to the insurance industry for over 20 years. With the exclusive North American rights to the RapidSure suite of insurance products developed by Harcase Software Ltd., Octello provides organizations with the ability to drive revenue while controlling costs in a competitive and changing market. Octello is headquartered in Mississauga, Ontario, Canada.