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Insuresoft to Process Policies for California Earthquake Authority

Staff Writer | May 24, 2016

The California Earthquake Authority (CEA) has chosen Insuresoft, a provider of enterprise software to P&C insurers, to provide the software to streamline processing of its residential earthquake policies. CEA calls this initiative the Centralized Policy Processing (CPP) program. 

Working with the 21 insurance companies, representing 76 percent of residential property insurance sold in California that service CEA policies, CEA needed a well-established system with a responsive, extensible technology platform.

In exploring the market, CEA looked for a company that could offer economies of scale, simplify the data exchange between its central system and its participating insurers (PI), and establish efficiencies for both CEA and PIs, ultimately benefitting CEA's policyholders. Insuresoft provides the functionality and configurability required by CEA, in addition to deeply experienced technical and insurance resources.

"This is an important opportunity for us to establish a long-term relationship with CEA and its PIs," says Tony Villa, CEO of Insuresoft. "Since CEA and its PIs will be able to achieve degrees of administrative standardization by operating on a single platform, the benefits will be mutual."

"We selected Insuresoft in a rigorous, competitive procurement process. We are pleased to be working with them as we continue to build and implement our CPP program," says CEA CIO Todd Coombes. "CPP is very important to CEA. PIs will find it much easier and more efficient to work with us, and its technical platform supports our future product innovation. We believe this will be great for both PIs and CEA policyholders."

The CEA recently had its inaugural PI go live with CPP. Additional implementations will continue through 2017. This deployment sets the stage for remaining CEA PIs to evaluate the platform and determine if and when they'll implement the solution.


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