Insurance Networking News published an article on how FinSecure worked with SBS to build their new Lender Placed and Foreclosed system, FinNET LPF. This custom insurance software system was developed over a 14 month period and delivered on time and on budget.
Specialized Business Software wins approval to develop a web-based custom insurance software underwriting system for Lender Placed / Force Placed and Foreclosed Insurance for a national insurance company. This secure online system allows for agents or their insured to directly place insurance on their properties in real-time. Monthly spreadsheets can also be processed if the clients wish to manage their portfolio in batches. Web service connections to address perfection software ensures accuracy for locations as well as identifying specific taxes and assessments. The lender placed and foreclosed system has full support for out-of-order endorsements, as well as a built-in master policy quoting workflow and the ability to process Word documents and convert them to PDF images on demand for the insured as evidence of insurance and policies.
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.