More IASA Product Intros

More IASA Product Intros.

By Ara C. Trembly

Denver

New products unveiled at the IASA Educational Conference and Business Show included some tailored to unique and diverse needs of insurers, ranging from subrogation recovery management to document binding to the outsourcing of computing applications.

Trover Solutions Inc. released version 4.0 of its Web-enabled Troveris subrogration software, with new features specifically designed for the property-casualty market.

According to Louisville, Ky.-based Trover, the product is an online claims recovery management system that identifies financial opportunity, automates administrative tasks, and helps workers in the investigation and recovery aspects of the subrogration process.

Troveris provides step-by-step guidance through the entire recovery process, the company noted. Key features include: automated subrogation detection, performance metrics, multiple-line functionality and automated letters.

According to a Trover spokesperson, while firm costs have not been established, estimated pricing for the new product is $3 per file per month, with variances based on level of activity. There is no setup fee, but the spokesperson said that other services may involve additional fees.

Additional information is available at www.troversolutions.com.

Coverbind Corporation launched its 101 Document Finishing System (DFS), designed for in-house publishing and electronic printing departments, in-house reproduction centers, office duplicating areas, and policy distribution departments.

The new machine can professionally bind documents up to 120 sheets of paper at a speed of 900 documents per hour, said Wilmington, N.C.-based Coverbind. The 101 DFS is a table-top thermal binding system suitable for casual, as well as production use.

According to Coverbind, simple controls guide the operator through every step. The bound documents have “the professional, book-like appearance of documents finished in a commercial bindery.” Copies are moved along an internal conveyor belt which first heats, then cools each document. “This permits the 101 to finish documents faster than most electronic printers or copiers can produce them,” the company added.

The machine is suitable for binding reports, training manuals, policies, contracts, proposals, annuity documents, financial reports, tax returns and numerous other documents, said Eileen Pardo, chief operating officer of Coverbind.

The 101 DFS is priced at $4,495, a company spokesperson added.

Lawson Software announced an alliance with managed hosting provider Velocity Outsourcing, under which it will provide p-c and life insurance carriers with software and computing applications hosted at Verizon data centers.

The outsourcing effort will address carriers needs to “maximize operational efficiencies, manage profitability, provide actionable information to make business decisions, and be in compliance with regulatory and statutory reporting requirements,” said Lawson. By outsourcing planning and installation of the information technology environment, clients realize benefits sooner than in traditional in-house implementations.

According to St. Paul, Minn.-based Lawson, Verizon Information Technologies and Lawson will market their products and services through Velocity Outsourcing. Velocity offers scalable system capacity and the ability to add storage “on demand,” the company said.

Other benefits from Velocity include lowered costs of changing technologies to adapt to new software solutions, reduced cost for specialized IT personnel, and improved predictability of IT costs, said Lawson.

Further details are available at www.velocityoutsourcing.com, www.verizonIT.com, and www.lawson.com.

Reproduced from National Underwriter Edition, July 7, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved. Copyright in this article as an independent work may be held by the author.