Nationwide Indemnity, a wholly-owned subsidiary of Nationwide Mutual Insurance Company, has implemented the new Insurer Pyramid version 3.1 solution.
Insurer Pyramid is a functionally-rich, rules-based workers’ compensation core administration solution with extendibility to other commercial lines.
The implementation of Insurer Pyramid at Nationwide Indemnity, and the ten-year relationship with Innovation Group, will allow the company to more easily stay in sync with changing technology by leveraging the solution’s flexible capabilities to successfully manage long-term exposure claims.
Nationwide said the implementation of Insurer Pyramid will include data conversion, utilising Innovation Group’s conversion tools.
Based on a .NET platform, Insurer Pyramid supports comprehensive, real-time payment processing, mitigates exposure, capitalizes on recoveries and reduces unnecessary loss pay out through accurately captured legal case data, automated reserve worksheets, analytic reporting, loss control/survey tracking, and fraud determination rule processing.