Exigen Insurance Solutions (San Francisco) has appointed former Camilion Solutions (Markham, Ontario) executive Tim Attia vice president of worldwide sales, with revenue responsibility for the company's end-to-end enterprise solutions and software-as-a-service (SaaS) offerings in North America, Europe and Asia-Pacific.
"Tim's extensive insurance industry experience and proven sales and sales team leadership abilities are a perfect fit for Exigen Insurance Solutions as we continue roll out of our full suite of core systems and bring to market some exciting new products in 2009," said Gwen Spertell, CEO, Exigen Insurance Solutions."
Attia expressed his gratification to be working with a company that offered "the most advanced technology with the broadest end-to-end offering" in the insurance technology market. He cited Exigen's ability to offer a shared risk-and-reward model that ties the vendor's success to that of its customers. Attia related his move to Exigen to a fundamental shift in the market comparable to the emergence of the Internet, .Net, and Java. The insurance technology market is being influenced by current economic conditions, but the bigger picture is the maturing of new technology approaches at a time when CIOs have tired of the cost, burden and risk of being integrators.
"New open source frameworks have significantly reduced the cost of proprietary infrastructure tools such as workflow and rules engines; this is allowing software vendors to cost effectively build true open end-to-end offerings that can be implemented in a modular fashion at a fraction of the cost of the last generation of proprietary rules and tools based solutions," Attia commented. "The dream of insurance in a box or insurance offered as a service (SaaS) is a reality. Finally, the removal of the huge up-front investment and risk through true risk/reward pay-as-you-go type models is proving its value and removing risk in the current economic environment. It is hugely satisfying for me to take on this role because Exigen Insurance Solutions has had these approaches baked into its solutions from day one."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio