Insuresoft, a policy administration solution provider for property and casualty insurance carriers, announced today the formation of a partnership agreement with Marias Technology of Piqua, Ohio. This partnership will bring cost-effective business process outsourcing and business continuity services to small to mid-sized property/casualty insurance carriers.
At the center of this technology solution will be The Diamond System, Insuresoft's policy administration system for both personal and commercial lines insurance carriers. The Diamond System can be implemented as a component based or enterprise solution for policy, billing and claims processing. Built on the Microsoft .NET platform, it has a services-oriented architecture that enables web-based access for agents, consumers and other insurance carrier partners.
In addition to providing BPO and continuity services to carriers through this partnership, Marias Technology also provides technology services in the areas of computer system migration, process improvements, computer system testing, and insurance technology consulting.
The Insuresoft – Marias Technology partnership may be new to the industry but the founders of Marias Technology and Insuresoft have been partners for a long time. Buckeye Insurance Group, which formed Marias Technology in 2008, has been an Insuresoft customer since 1999.
“Buckeye has truly been a great partner through the years and has consistently leveraged the functionality in Diamond to bring operational efficiencies to the policy administration lifecycle,” says Tony Villa, president and CEO at Insuresoft, “So choosing to partner with Marias Technology was a very natural and easy decision to make for Insuresoft.”
“With our focus at Marias being small to mid-sized insurance companies, our partnership with Insuresoft and The Diamond System is a great fit,” says R. Christopher Haines, vice president of Marias Technology and CIO of parent Buckeye Insurance Group, “There is no better illustration of what Diamond can do for a small company than what it has done for Buckeye over the last decade.”
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