LISLE, Ill., Sept. 20, 2016 /PRNewswire/ -- American Association of Insurance Services (AAIS), the only national not-for-profit insurance advisory organization governed by its members, announced today that Marias Technology has joined AAIS as an Alliance Partner and will begin offering its insurance-technology services to AAIS member companies effective September 26.
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Marias Technology is a provider of software testing, project management, integrations, implementation, and hosting services. Their staff members had experience working in insurance carriers and agencies before joining Marias.
"Marias was selected to become an Alliance Partner because of their experience with policy administration support within the P/C industry, their history of success, and their knowledge of our products. They will provide effective, affordable support for our customers to adopt and implement AAIS programs, seamlessly," said Truman Esmond, VP of Member Engagement and Technology for AAIS.
Insurance carriers of all sizes need to make multi-million dollar investments in policy administration systems in order to retain competitive advantage. According to Novarica's US P&C Policy Administration Systems Projects report, "All of insurers' core business issues—speed-to-market, distributor service, efficiency, and data analytics—eventually come back to core policy administration systems." In studies by both Novarica and PWC, correct policy administration can mean success or failure for insurers. PWC's report states, "Approximately 30% of policy administration projects succeed, 50% are challenged, and 20% fail." (www.pwc.com).
Since 2008, Marias Technology has enjoyed steady growth due to its testing and integration expertise, as well as its ability to translate complex, important rating and loss cost data into IT language with ease. Key assets to the Marias implementations are flexible responsiveness, flexible pricing, security, and domain expertise.
"We are very excited about this partnership with AAIS," said R. Christopher Haines, EVP and COO of Marias Technology. "We welcome the opportunity to help members by managing the IT portion of the implementation of their products, simplifying complex technology and information, and helping to reduce their stress."
The AAISalliance is a program of AAIS developed to help member insurance companies compete in the market. It allows individual AAIS member companies to access affiliate partner services with the purchasing power of our collective membership. Through the AAISdirect portal, insurers can purchase services from vendors at reduced rates.
Both AAIS (booth #410) and Marias Technology (booth #317) will be available to discuss these new offerings at the NAMIC Annual Convention in Vancouver, September 26 – 27. Email info@mariastechnology.com to schedule a consultation.
About AAIS
Established in 1931, AAIS continues to serve the Property & Casualty insurance industry as the only national not-for-profit advisory organization governed by its member companies. AAIS offers innovative products including standardized policy forms, program rules, and loss costs for rate making for 34 lines of business, industry leadership in research and data development, and unrivaled customer service, value, and efficiency. Over 700 insurance carriers, including most of the largest national carriers, rely on AAIS. For more information, contact Melanie Howard through Email.
About Marias Technology
Marias Technology, headquartered in Covington, Ohio, offers insurance technology services to property/casualty insurance companies. Services range from system testing and implementation, to software hosting and management services, as well as IT management on-demand. For more information, please visit www.mariastechnology.com, Email info@mariastechnology.com, or call 866-611-2212.
Media Contacts:
AAIS
Melanie Howard, Director of Communications
Email; (630) 457-3217
MARIAS TECHNOLOGY
JoAnna Bennett
O'Brien Communications Group, LLC
Email;(860) 333-5009
SOURCE AAIS
