ClarionDoor Announces Successful Implementation of Insured Rating with Oregon Mutual Insurance Company
CARPINTERIA, California. – July 2, 2013 – ClarionDoor, LLC (http://www.clariondoor.com), a leading provider of hosted rating software to the insurance industry, announces that Oregon Mutual Insurance (OMI) is in production with ClarionDoor Insured Rating. ClarionDoor provides OMI with their Insured Rating solution for comparison rating and quoting of OMI’s personal automobile insurance.
Insured Rating is a modern rating engine platform, developed from the ground up to operate, perform, and scale exclusively in the cloud. The technology suite provides all the tools and services necessary for rating any line of business, algorithm, or transaction type as an ACORD standard web service. With its intuitive configuration tools, built-in APIs, and automated testing features, Insured Rating provides a collaborative environment where actuaries and business users can safely manage all aspects of insurance rating. It is available for all lines of business in both the standard and excess and surplus markets.
Through the successful implementation with ClarionDoor, OMI has gained greater control of its rates and has improved its speed to market by consolidating rating previously maintained in disparate sources into the Insured Rating solution. Taking advantage of the Insured Rating configuration and testing tools, OMI was able to complete deployment of personal lines auto in all states in less than five months.
Bryan Fowler, Chief Information Officer of OMI, commented on the ClarionDoor solution, “We are extremely happy with the results that our partnership with ClarionDoor has produced for OMI. The ease and flexibility of the Insured Rating suite of tools and the close partnership with the ClarionDoor made the project go very smoothly and quickly, from project inception through implementation. The Insured Rating platform and tools have enabled us to take control of our rating destiny, change products and rates more quickly than ever, and have given us visibility into quote activity and data that we never had before. It’s been a great step forward for us.”
“We are pleased with the positive feedback and results from Oregon Mutual and the overall success of Insured Rating in the insurance marketplace,” said Michael DeGusta, CEO of ClarionDoor. Our goal at ClarionDoor from day one has been to provide a cost effective, modern technology solution with an emphasis on customer service and satisfaction, and there’s no doubt we have achieved this with the OMI implementation.”
About Oregon Mutual Insurance
Established in 1894, Oregon Mutual Insurance is the oldest independent mutual insurance company west of the Mississippi, and serves the personal, business, and farm insurance needs of people in Oregon, Washington, California, Idaho, and Nevada. Using Insured Rating, OMI has developed a high performance ‘black box’ rating web service to enable quoting of its personal auto products, integrating it with multiple comparative raters and in-house business systems.
ClarionDoor, LLC provides rating and quoting solutions for insurance organizations with a specific focus on embracing cloud technologies, industry standards, and a software-as-a-service (SaaS) delivery model. The company was founded by an experienced team of insurance software experts committed to providing modern technology and excellent customer service to the insurance industry.
For more details contact Patrick McCall at 570.645.5050 or visit www.clariondoor.com