American Access Casualty Goes Live on SpeedBuilder Systems in the State of Illinois
Columbia, S.C. – March 6, 2017 – SpeedBuilder Systems, Inc. today announced that American Access Casualty Company (AACC) has gone live with the BindExpress Product Configurator and Rating modules in the state of Illinois, completing the company’s transition to the new platform for all five states. With the successful launch, BindExpress will now perform in excess of 1.5 million nonstandard auto transactions annually for the company’s internal, web, and comparative rating channels.
“Our Illinois new business program is more complex than the other programs we had released on the platform,” said Matt Reznicek, Director, Pricing and Product at AACC. “SpeedBuilder was able to enhance their vehicle lookup to process multiple datasets and handle several new input parameters —something we had been unable to realize on our legacy system. That kind of robust, granular configuration is essential to maintaining and improving our competitive advantage in this price-sensitive market.”
“As important, the technology enables us to painlessly deploy additions and revisions to business rules as market needs change,” he continued. “For example, in just minutes we can now restrict binding authority for certain coverages when severe weather is imminent.”
“Every carrier would love to quickly translate the thought process of their business people into better automated rates and rules,” said Rod Giess, President of SpeedBuilder Systems. “And while the BindExpress Product Configurator facilitates such capability, only the creativity and commitment of AACC’s business people made their achievement a reality. We consider their success to be ours, as well.”
American Access anticipates another significant growth year in 2017, with the state of Texas, where the company first launched BindExpress in 2014, expected to lead the expansion.
About SpeedBuilder Systems
SpeedBuilder Systems, Inc. (www.speedbuildersystems.com) offers large enterprise-class solutions for small-to-medium sized P&C insurance carriers. The BindExpress Suite is an integrated set of components including policy administration, rating, automated underwriting, agent and consumer portals, product configuration, billing, automated workflow, analytics, and document generation. Built using open source technologies, the BindExpress Suite improves ease-of-doing-business for both consumers and professionals, reduces the time-to-market for delivering new products, and extends the life of both new and legacy systems.
About American Access Casualty Company
Since 2000, American Access Casualty Company (www.aains.com) provides quality, non-standard private passenger auto insurance throughout the US, delivering convenient and accessible auto insurance to valued customers, particularly in the Hispanic community. AACC started operations in the Chicago market and has consistently grown in premium year over year, expanding into Indiana, Nevada, Arizona, and Texas. Now over 180 employees strong, AACC is dedicated to continuing to grow along with our agent network through great customer service and competitive pricing.