InsureHiTech, an eBusiness property/casualty insurance portal designed for middle market technology clients, announced that AIG’s American International Companies, has “gone 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 the quote for the underwriter to issue back to InsureHiTech. Using ACORD-based XML standards, this system allows InsureHiTech clients to receive multiple insurance quotes with a single entry online application.
InsureHiTech indicated that it had completed XML mapping of the VisionPak product with The St. Paul Companies in mid-February 2001 and would complete additional XML mappings with Atlantic Mutual Companies, Chubb, Kemper and Royal & Sun Alliance USA over the next few months.
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