To increase delivery capabilities of functional web-based property and casualty insurance administration solution
Maximum Processing and Sonata Software, an IT consulting and software services provider, have entered into a strategic alliance to increase the delivery capabilities of the Stingray System, a web-based property and casualty insurance administration solution.
The company said that the its new Stingray Insurance Processing System is a policy, billing, claims and reinsurance administration system that provides workflow, imaging and third party interfaces.
The new offering comes with consumer and agent portals and a full point of sale system. Similar to online securities trading platforms and online banking systems. Stingray resides on the internet and uses the latest technology to access an industry standard database configuration, making deployment simple and customization easy, the company claims.
Sean Pitcher, president and CEO of Maximum Processing, said: “Our association with Sonata will help us take advantage of their deep domain expertise and vast resources to meet the huge demand for the Stingray System. The Stingray System provides a complete toolset which can help organizations respond to the need for quick implementations and speed-to-market.”
Narayanan, head of managed testing and web technologies at Sonata Software, said: “Insurance organizations today are under increasing pressure to meet new regulations and respond to rapidly changing business requirements while cutting costs. Our partnership with Maximum Processing is a step towards enabling them to achieve operational excellence and differentiation, thereby setting them on the road to high performance.”