Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial services companies, has experienced several important milestones in 2012, including exceeding projected company revenues by 20 percent.
Specialized Business Software also enhanced its Docunym Enterprise Document Management solution with additional workflow management capabilities to enable users to log into a digital dashboard and simultaneously view multiple documents, such as insurance and appraisals in electronic job folders. Other 2012 highlights include the following software systems for specialty insurance programs:
• The addition of EDI X12 processing capabilities to enable insurance tracking companies to load mortgage and auto insurance data received in the X12 standard into their tracking systems
• The completion of a Lender Placed Policy Management System for a national insurance company to help their agencies and insureds to manage risk on their uninsured collateral
• The enhancement of a Captive Insurance Management System to enable risk retention groups of health care providers to securely manage their data and process underwriting information more efficiently
“Our success is a reflection of our commitment to provide quality custom technology solutions that meet the evolving needs of our clients, such as our EDI X12 processing capabilities or the Lender Placed Policy Management System,” said Steve Wiser, president and founder of Specialized Business Software.
SBS has been retained by a top global insurance broker to enhance the custom insurance software for its Captive Insurance Program. A full press release from our client can be found here: Willis Launches WillisCaptus(R) and Signs Up America’s Second Biggest Catholic Healthcare Provider
Specialized Business Software wins approval to develop a web browser based custom insurance software application to provide automation and self-service capabilities for Captive Insurance Programs for Hospital Systems Risk Retention Groups. This web based software system automates the captive management for multiple RRGs each with multiple hospitals and thousands of medical providers. Secure, online physician access with built-in controls allow the risk managers of the risk retention groups to easily manage the medical malpractice insurance of thousands of providers. This system included functionality for premium rating, binding, billing, actuarial reporting, and automated renewals plus real-time processing of insurance coverage.