Fiserv, Inc., a provider of technology solutions for the insurance industry, announced that applications from its suite of property/casualty solutions are aligning under a common release number, 6.0. The release adds 120 new enhancements to core solutions including Policy STAR, Claims Workstation and Fiserv Advanced Billing for
personal and commercial lines, and PowerSuite for workers' compensation.
"The 6.0 release is significant because of the scope of the new enhancements it contains," says Gary Sherne, president of Fiserv's P&C Systems Solutions. "In addition, it represents the completion of the first phase in bringing these systems to a common base and integrating our leading assets into one, all-lines, P&C solution. The next phases of this initiative will include synchronizing the service-oriented architectures and user interfaces to deliver solutions with seamless processing."
Version 6.0 includes predictive underwriting capabilities that streamline processes and dashboard views for workers' comp underwriting and claims business. In addition, platform upgrades have been added to deliver performance gains. The release also includes Oracle support along with upgrades in SQL and the rules engine used.
Sherne adds that insurers will have the option of using the integrated solution set or best-of-breed components.
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