InsureHiTech, an eBusiness property and casualty insurance portal designed for middle market technology clients, has taken the first of its major carriers, The St. Paul Companies, “live” with its Web-based application process using XML (Extensible Markup Language) technology.
The system submits client applications that have been completed online to the carrier’s automated rating and underwriting system, which immediately prepares and returns quotes to InsureHiTech within minutes. Using ACORD-based XML standards, this system allows InsureHiTech clients to receive multiple insurance quotes with a single entry online application.
In addition to The St. Paul, the company is working on integration projects with AIG, Atlantic Mutual Companies, Chubb, Kemper and Royal & Sun Alliance USA.
The new XML system currently supports The St. Paul Companies’ VisionPak, a package policy for property and general liability protection for emerging technology companies.
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