Implementations in Insurer Market Increased by 117% in the Past Year SAN RAMON, Calif., Oct. 1
SAN RAMON, Calif., Oct. 1 /PRNewswire-FirstCall/ -- Aon eSolutions, the
client technology arm of Aon Corporation (NYSE: AOC) and a leading provider of
global risk and insurance solutions, today announced the launch of the iVOSc
Carrier Edition, a version of iVOS specifically designed for property &
casualty insurance companies. iVOS is Aon eSolutions' browser-based insurance
system that incorporates claims administration, medical bill review, event
management, document imaging, policy underwriting and case management
capabilities into one integrated solution.
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Recognizing that insurance companies face specific challenges, the iVOSc
Carrier Edition will enable insurers to transform their business operations
and modernize their technology platforms. With iVOSc Carrier Edition, insurers
have a complete solution to support unique business strategies, design
competitive products, and respond to increased customer and producer demands.
To efficiently comply with today's latest regulatory requirements, iVOSc also
provides sophisticated auditing and reporting tools.
The iVOSc Carrier Edition offers three core modules that can be customized
to meet any insurer's workflow, process and business needs:
-- iVOSc Policy Administration Module offers a wide array of system
capabilities that assist insurance companies in processing and administering
policies, as well as underwriting and rating coverage.
-- iVOSc Claims Management Module is designed to manage a complex claims
operation with sophisticated scheduling, automation and workflow tools.
-- iVOSc Billing Module represents a complete billing solution, providing
a full range of capabilities for both customer and producer billing needs.
Insurers can leverage iVOSc as an integrated "one-system" solution or
select the individual modules according to their specific system requirements.
"The iVOSc Carrier Edition has insurance intelligence built in," said
Randy Wheeler, managing director of Aon eSolutions. "In the past,
mission-critical information and best practices resided in the minds of
insurance professionals or in paper-based files, unable to be leveraged across
the entire enterprise. Working closely with insurance companies, we've
engineered insurance intelligence -- that is insurers' unique knowledge and
procedures -- into the product, so out of the box you have this great
solution."
Aon eSolutions has a long track record of success and growth in the
insurer marketplace. Since the inception of the flagship iVOS product, the
system has been implemented and utilized at leading insurance companies. Over
the past year, implementations increased by 117 percent in the insurer market
alone.
"Insurance companies have highly complex system environments, and IT
departments are being stretched to do more with less," said James Wedster,
vice president of development at Aon eSolutions. "We developed the carrier
edition with the iVOSc Enterprise Platform. This platform is highly adaptable
and provides IT groups with the ability to configure and customize the system
at the finest levels to meet their companies' unique business needs."
The iVOSc Enterprise Platform includes four component sets that IT
departments can leverage:
-- iVOSc Developer Set empowers IT departments with maximum system
control.
-- iVOSc Integration Set provides a complete set of connectors to enhance
system integration.
-- iVOSc Rules Engine Set offers both embedded and third-party rules to
automate workflow.
-- iVOSc Reporter Set enables insurers to report on and analyze data to
improve profitability, growth and performance.
About Aon
Aon eSolutions is the client technology solutions arm of Aon Corporation.
We provide innovative products, services and solutions to meet the diverse and
varied needs of risk and insurance professionals. Our best-in-class systems --
iVOS, RiskConsole, AonLine, and SafetyLogic -- provide an unparalleled and
integrated risk and insurance technology suite. This award-winning technology
streamlines business processes and optimizes resources through a personalized
and configurable approach and has resulted in measurable value for our clients.
For more information on Aon eSolutions, log onto http://www.aon-esolutions.com.
Aon Corporation (NYSE: AOC) is the leading global provider of risk
management services, insurance and reinsurance brokerage, human capital and
management consulting. Through its 36,000 colleagues worldwide, Aon readily
delivers distinctive client value via innovative and effective risk management
and workforce productivity solutions. Our industry-leading global resources,
technical expertise and industry knowledge are delivered locally through more
than 500 offices in more than 120 countries. Aon was named the world's best
broker by Euromoney magazine's 2008 Insurance Survey. In 2008, Aon ranked
highest on the Business Insurance ranking of the world's largest insurance
brokers based on commercial retail, wholesale, reinsurance and personal lines
brokerage revenues. Aon also was ranked by A.M. Best as the number one
insurance broker based on brokerage revenues in 2007 and 2008, and was voted
best insurance intermediary, best reinsurance intermediary, and best employee
benefits consulting firm in 2007 and 2008 by the readers of Business Insurance.
For more information on Aon, log onto http://www.aon.com/.
Media Contact:
Tammy Delatorre
661-775-0550
tammydelatorre@yahoo.com
SOURCE Aon Corporation
