ILOG and Prima Solutions, a provider of service oriented architecture solutions for insurance companies, have announced that Western Computer Services has chosen ILOG JRules to automate its underwriting process for commercial lines of business.
Western Computer chose the Prima Platform as the foundation for building a service-oriented architecture (SOA). The Prima Platform encompasses an extensive reference insurance model. The new SOA foundation, together with ILOG JRules, has enabled Western Computer to realize a savings of several hundred thousand dollars annually by reducing its IT maintenance and underwriting costs.
Savings are expected to be even more significant as Western Computer expands the use of ILOG JRules to other processes. ILOG JRules will allow the carrier to achieve a pass-through rate of over 80% and ensure consistent enforcement of underwriting guidelines across business units and geographies.
The new business rules management system-based underwriting system will enable Western Computer to better support its owners and their business partners, by adding decision capabilities and automating different steps in the underwriting process such as eligibility determination, risk assessment and rating.
Phil Teagle, director of application development, Western Computer, said: We chose ILOG JRules because of its ease-of-use, advanced rule management features for business and IT users, and tight integration with the Prima Repository and Prima IBCS. By leveraging ILOG JRules with Prima Repository and Prima IBCS, we were able to shorten the time it took to build our application by 30%. We now have the flexibility needed to build future applications faster and expand the use of a business rule management system across processes and business units.