American Safety Insurance, a subsidiary of Bermuda-based American Safety Insurance Holdings, has implemented a business partner gateway for reinsurance using Xenos Group’s terminalONE software.
American Safety Insurance (ASI) selected Xenos to solve a critical requirement to rapidly automate its premiums and claims billing process via an internet gateway for its program business partners.
Xenos designed and implemented a system to intelligently route, apply business rules, extract, normalize, map, transform and re-purpose data from Excel spreadsheets and load it in an SQL Server database. This data is then processed through ASI’s reinsurance system and is then fed into the general ledger.
With the gateway Xenos implemented, we are increasing our efficiency by eliminating the need to manually map, validate and extract billing information in CSV format from the Excel spreadsheets our program partners submit monthly, stated Greg Black, ASI’s chief information officer. We have also significantly improved our service to the internal customer with a centralized database and in a common format providing easier data loads, simpler accounting and reporting.