NEW YORK , NY Oct. 21, 2004 – The Hartford Financial Services Group's implementation of the SeaPass Gateway solution in its Expressway application was named a finalist for an A.M. Best E-Fusion Award in the agent/broker management category. The E-Fusion Awards are designed to spotlight innovative uses of technology to address insurance business challenges.
The SeaPass Gateway technology within the Expressway system links customer data from identified agency management systems to The Hartford for real-time quoting and issuing personal, auto and homeowners insurance. From a single technology platform, SeaPass solution enables easy, error-free data exchange and interaction among agents, carriers, brokers and wholesalers.
Eric Gewirtzman, president of Seapass U.S. operations, described the patented SeaPass process as a uniquely simple and intuitive single-platform solution, which achieves Straight-Through-Processing in a four-step approach that is both easily implemented and instantly usable for all parties involved in the transaction: Transmit, Interact, Exchange and Transact.
The SeaPass Gateway is designed to seamlessly connect insurance parties, in order to automatically interact with an agent's existing system, without requiring any changes even if the systems were not originally designed with connectivity capabilities. It drives true real-time transactions – not just transmission – using any of a variety of platforms. Agents and carriers can exchange relevant data in real-time between themselves or with third-party vendors, using their existing systems. The Hartford , along with the other finalists, presented a business case and product demonstration to the judges at the A.M. Best E-Fusion Conference held October 17-19 in Baltimore.
About SeaPass
SeaPass Solutions, founded in 2000, is headquartered in New York City . The company develops and markets solutions that enable insurance carriers, agents, brokers, and wholesalers to transmit and receive data in real-time and leverage existing systems to automatically interact with one another, leading to reduced costs, better new business and successful transactions. Since mid-2001, SeaPass has been implementing it solutions at national insurance carriers, regional carriers, banks, large agencies and brokers. SeaPass is a privately held company. Its shareholders include, Hyperion, a world renowned merchant banking fund specializing in investments in financial-services related companies and pioneering technologies, and Platinum Neurone Ventures, a fund backed by global investors such as Bank of America. For more information about SeaPass, please visit: www.seapass.com. |
