In order to reduce the time it takes to underwrite and generate insurance quotes, as well as exchange business policy information with an XML-centric solution, Providence Washington (more than $50 million in assets) has chosen ILOG's (Paris) Jrules 3.5, an XML-centric rules engine.
"We are in the process of developing underwriting and policy quoting and issuing applications," says Ed Leveille, vice president and CIO, Providence Washington.
According to Leveille, "The ongoing maintenance and business rules will be easy for the underwriting business folks to accomplish, driving down the time to market for any new products they may want to develop."
Providence Washington evaluated a number of solutions, reports Leveille. "The five major reasons for choosing Jrules were scalability, the efficiency of execution of business rules, ease of use for business users, the attractiveness of the user interface, which is based on state-of-the-art technology, and cost."
The implementation of Jrules 3.5 will also be beneficial to customers. "With this engine we can put upfront, at entry time, most of the business logic we need so customers get immediate response," says Leveille.