Press Release
DAVID Corporation receives top marks for NavRisk Policy in Celent’s Policy Administration Systems Report 2007
SAN FRANCISCO, Calif. – June 4, 2007 –DAVID Corporation, an innovative provider of Insurance Risk Management software, today announced that it has been named in Celent’s Policy Administration Systems Report. Celent, a prestigious international research firm, released a new report providing organizations with the most comprehensive data available about software providers in the Policy Administration market. The report is designed with the purpose of making it easier for insurers to create a short list of vendors to service their policy administration needs.
Serving the Alternative Risk Market for over 23 years, DAVID Corporation provides insurers with an end-to-end solution for their Risk Management needs. NavRisk Policy, DAVID’s policy administration and underwriting solution automates the rating, quoting and issuance of policies. NavRisk Policy is part of the NavRisk Risk Management Suite which also includes NavRisk Claims, a browser-based claims management solution, and NavRisk Central, a self-service risk management portal.
Although DAVID has traditionally focused on the alternative risk market, in a recent review Chad Hersh, senior insurance analyst with research and consulting firm Celent, states, “Celent believes that NavRisk is one of the more modern systems on the market, and with its flexible tools-based, rules-based design is likely to gain acceptance into the traditional commercial lines market.”
Additionally, Hersh noted, “Both internal business users and agents get excellent user interfaces. Internal business users get one of the best looking non-browser interfaces of any system reviewed.”
“We are extremely pleased to be included in Celent’s Policy Administration Systems 2007,” stated Alex Aminian, President and CEO of DAVID Corporation. “NavRisk Policy was designed with the end-user in mind to provide tools to automate underwriting and policy processing while providing an intuitive user interface that facilitates daily workflow effectively and efficiently.”
About DAVID Corporation
DAVID Corporation has been serving the Alternative Risk Market for more than 23 years. A pioneer in risk management software solutions, DAVID uses a solutions-focused, value-driven approach in selling to and servicing clients, with an eye toward reducing risk and controlling costs. DAVID’s solutions create a truly collaborative workspace for all stakeholders, designed with specific business rules and workflow in mind. From underwriting to policy renewals, from first notice of claim to final settlement, DAVID works with you to implement a solution designed to leverage your organization’s unique and innovative business processes. DAVID Corporation is headquartered in San Francisco, Calif. Contact DAVID at 800-553-2843 or visit www.davidcorp.com.
For more information on Celent’s Policy Administration Systems 2007 report, please visit http://www.celent.com/PressReleases/20070521/PASCommercial.htm.