Press
SPARTA Insurance Goes into Production with Insurity's Policy Decisions
13 Mar 2008
HARTFORD, Conn. - Feb. 18, 2008 - SPARTA Insurance Company, a start-up property and casualty insurer, has implemented Policy Decisions for Commercial Lines, a full policy administration system from Insurity, a ChoicePoint company (NYSE: CPS). SPARTA serves the insurance marketplace through program administrators who use Policy Decisions for rate, quote, policy-issuance and administration activities.
"We selected Policy Decisions for its functionality and the speed with which it could be delivered to our customers," said Enrico Ferrante, SPARTA senior vice president of business operations. "The system is a comprehensive solution that required only fine tuning and testing before implementation, which we were able to complete in six months. The timeline is a tribute to the product and Insurity's team of experts who helped us manage the project."
Ferrante said the reception by SPARTA's customers has been great because of Policy Decisions' many innovative features and ease of use. "Customers see it as value added to their business, and that is the ultimate compliment," he said.
"SPARTA challenged us to get them into production fast and, with a joint team effort, we got it done," said Dave Pedersen, Insurity senior vice president. "One of our primary strengths is providing assistance for start-ups and for existing companies to quickly get into new markets."
About Sparta
SPARTA Insurance Company, based in Hartford, Conn., underwrites property and casualty insurance for the specialty and alternative-risk program marketplace. It received $279.1 million of private-equity capital from a consortium of investors led by Corsair Capital, including Goldman Sachs, York Capital Management, Primus Capital Funds and KBW Capital Partners. For more information call 860-275-6520 or visit (www.spartainsurance.com).
About Insurity
Headquartered in Hartford, Conn., Insurity offers Insurance Decisions - the most comprehensive software and services in the property/casualty industry covering rate, quote, issuance, administration, billing, claims, reinsurance, data warehousing, compliance support, regulatory reporting, hosting and managed services. Customers include more than half of the nation’s top 20 commercial lines carriers as well as regional carriers, specialty lines writers and MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com.
About ChoicePoint
ChoicePoint (NYSE: CPS) provides businesses, government agencies and non-profit organizations with technology, software, information and marketing services to help manage economic and physical risks as well as identify business opportunities. Consumers have free access to the reports we create at www.ChoiceTrust.com. Learn what we do to protect consumer privacy by visiting www.PrivacyatChoicePoint.com and, for more information on our company, go to www.ChoicePoint.com.
ChoicePoint is a registered trademark of ChoicePoint Asset Company, LLC.
Contact: Beth Bartlick, Insurity, 860-616-2604, beth.bartlick@insurity.com
