4/03/2007 -
Innovative Solution Extends Insurance Applications to the Field to Increase Efficiency
Sarasota, FL, April 3, 2007 BIPT, Inc. has been named winner of the Software as Services Innovation award in the annual IBM PartnerWorld Beacon Awards competition, recognizing IBM Business Partners for their ingenuity, innovation, customer satisfaction and outstanding achievements in providing on demand business solutions.
BIPT's TiVA solution offers the Property and Casualty insurance industry a comprehensive, web-based policy administration system. As a Software as Services (SaaS) solution delivered via IBM's e-business Managed Hosting Services, TiVA integrates rating and quotation, underwriting, claims, and accounting management functions. Together, the features and functions of TiVA help carriers extend their application process to agents in the field, streamline the underwriting of policies, and increase their competitiveness in the marketplace.
Used by some of the most innovative insurers in the world, TiVA is a completely web-based, fully-integrated, policy administration system capable of full life-cycle policy processing -- from quote to claim. The solution is designed to allow carriers to more efficiently service existing and new business, bolstering agent and company marketing efforts and resulting in increased growth and customer retention. All TiVA modules and functionality are completely web-based providing a reliable, always available hosted solution.
Judges remarked that BIPT, Inc. has developed an excellent vertical application for the insurance industry that was developed and architected to be delivered as Software as Services from the beginning.
"Recognized by the Beacon Awards, BIPT has worked closely with IBM and its Business Partners to provide clients with innovative solutions that solve real business issues," said Ravi Marwaha, general manager, IBM Global Business Partners. " BIPT has set the standard for business excellence by delivering unique solutions as well as high customer satisfaction."
"We are honored to be chosen as the recipient of this coveted award," said BIPT's President John Kummer. "This award is a testament to the hard work and dedication of our staff and to the innovative spirit of our clients, who were pioneers in the adoption of the Software as Services model."
About IBM PartnerWorld Beacon Awards:
Nearly 662 nominations were judged by a team of leading industry journalists, analysts, and IBM executives, who selected winner and finalists in 38 award categories. These IBM Business Partners will be honored during the IBM PartnerWorld 2007 Conference in St. Louis, April 29 -May 2. For more information about the IBM PartnerWorld Beacon Awards please visit Beacon Awards Website.
About BIPT, Inc.:
BIPT, Inc., headquartered in Sarasota, Fl., is a leading provider of Policy and Claims Administration solutions for the Property and Casualty Insurance industry. The flagship solution, TiVA, is a browser-based system designed to help carriers extend their application process to agents in the field, streamline the underwriting process, and improve their competitiveness in the marketplace. Visit the company's website at www.bipt.com.
