PRESS RELEASE: AEGON chooses QIS

AEGON goes for STP, efficiency and cost reduction

AEGON P&C Insurance has selected the Quinity Insurance Solution (QIS). Quinity’s standard software will replace the current policy and claims administrations of the Dutch insurance company.

Initially, AEGON will implement QIS for insurance products like Car, Home and Liability. This enables customers to buy insurance products online and report claims online. The first release will be in the second quarter of 2011. QIS implementation is not restricted to private lines. Commercial lines will follow.

AEGON will use QIS to achieve straight through processing, shorten its time-to-market and reduce costs by IT rationalization. QIS supports this with the integrated front, mid and back office functionality. Policy underwriting decisions as well as direct online claim handling will be automated. As soon as a claim report has been made, QIS automatically determines the coverage, calculates the sums of money to be paid and if needed notifies a claims expert (via the expertiseHub, a Dutch standardization platform for processing claim reports and orders to expert companies).

About Quinity
Quinity provides p&c insurance companies modern and flexible insurance solutions that enable insurers to excel in business innovation, operational excellence and customer intimacy. The Quinity Insurance Solution (QIS) is a web-based, integrated policy and claims administration system that helps insurers optimizing their core business processes. QIS has been implemented with a great number of insurance companies in Europe, amongst which Allianz, ARAG, Dela, London, Mondial Assistance, Monuta and Unigarant. Quinity has more than 10 years of experience in developing and implementing solutions for the insurance industry. www.quinity.com.

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For more information please contact Kim Leemreize at 0031 30 233 5999 or email kim.leemreize@quinity.com