Technology Firm Gets Renamed

NU Online News Service, April 25, 2:29 p.m.?The Web-enabling insurance technology firm, InsuranceTechnology Solutions, has changed its name to ePolicy SolutionsInc. and has launched RightRisk, based on Java architecture, itsparent company, ePolicy Inc., announced today.

According to Don Martin, chairman and co-founder of TorranceCalif.-based ePolicy Inc., the company is making a strategic shiftto focus solely on insurance transformation processes through itsWeb-enabling business. Completing this process involves concludinga migration to Java-based object-oriented architecture.

"RightRisk significantly broadens the capabilities of ourWeb-enabling technology for property and casualty carriers, andoffers numerous new functional, technical and developmentalbenefits to the company's insurance clients," said Mr. Martin.

According to Lou Kwiker, president, CEO and co-founder ofePolicy, RightRisk provides a comprehensive, fully-automatedinsurance distribution methodology that rates, quotes, binds andissues policies online in real time at the producer, sub-producerand customer level.

Mr. Kwiker added that ePolicy Solutions provides carriers andproducers with "customized private-label Web sites that can be upand running in a tight timeframe without expending the time orfinancial commitment to develop their own technology."

The company said some of RightRisk's benefits include: platformindependence, greater flexibility, and management of quotes andassociated data by storing them in an XML format.

Right Risk was also said to offer improved managing of generalagent/agent/customer relationships using a multitier channelhierarchy, flexible policy management options, improved productdefinition and maintenance, and an External Systems Interfaceframework that makes it easier to plug in and implement new tools,such as third-party rating or document production systems.