Willis Group Holdings Selects
DAVID’s NAVRISK Policy 4.0 to Help Administer
Its Risk Pooling Business
SAN FRANCISCO, Calif. – February 26, 2008 – DAVID Corporation, an innovative provider of Insurance & Risk Management software, today announced that the Public Entity Risk Pooling Practice of Willis Group Holdings Limited (NYSE: WSH), has selected NAVRISK Policy 4.0 to help administer their US public entity pooling business. Willis Pooling selected NAVRISK Policy for its robust data analytics, scalable architecture, friendly user interface, member services portal, and workflow logic.
NAVRISK Policy will provide Willis Pooling with reduced policy renewal cycles, and remove redundancies inherent in policy administration and underwriting, resulting in faster response times and improved efficiencies. After a thorough analysis and rigorous RFP process, the Willis management team determined that NAVRISK Policy would be a component to their long-term growth strategy.
NAVRISK Policy combines deep expertise and understanding of public entity risk pools with standards-based smart client, browser-based and workflow technologies to deliver the premier solution on the market that automates labor-intensive processes, streamlines access to information, and integrates and automates delivery of information for underwriters, administrators and brokers. As the most comprehensive end-to-end solution, NAVRISK Policy automates the complete policy lifecycle including renewal processing, rating, certificates, quoting, invoicing and reporting.
“In an effort to provide more streamlined policy administration and faster renewals to our members, we conducted a thorough RFP process to find a technology solution that would increase the quality and speed of our services to pool sponsors and their members.” stated Tom Ealy, head of Willis North America’s Commercial and Consumer Segments. “We found that the technology, experience and industry knowledge of DAVID’s NAVRISK team is unparalleled. Early in the process, it became apparent that they were the only provider who could meet and exceed our requirements and expectations.”
“DAVID Corporation is delighted to partner with Willis Pooling to deliver solutions designed to provide enhanced policy administration and underwriting services to their members,” stated Alex Aminian, President and CEO of DAVID Corporation. “Our flagship product, NAVRISK Policy, was developed specifically for the public entity risk pool market. It provides value to our clients as evidenced by increased efficiency, resulting in improvements to their bottom line while improving their overall customer satisfaction.”
About DAVID Corporation
DAVID Corporation has been serving the Insurance and Risk Management market for more than 24 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, and 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, California. Contact DAVID at 800-55-DAVID.
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities, and institutions around the world. Willis has more than 300 offices in some 100 countries, with a global team of approximately 16,000 associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.