Global Insurance Provider Named Leading Provider for Both Rating and Document Creation
Skywire Software announced it has been named a leading software provider for the insurance industry by independent research and advisory firm Celent, LLC. In its latest edition of the annual Insurance Software Deal Trends, Celent named Skywire Software as a leading provider in both the rating / quoting tools and document creation categories based on the number of deals the company inked in 2005 and 2006.
This is the second consecutive year Skywire Software has been named a leading provider in the rating/quoting tools category. According to this year’s Celent report, document management continues to be a priority for most carriers. The research and advisory firm has cited the company’s leadership in document creation and related document management categories since it began publishing the research four years ago.
Celent also named both Skywire Software and Docucorp, which Skywire Software acquired earlier this year, as “Traction Index” leaders. The Traction Index is a weighted score that measures the volume and types of deals that software companies made during the last two years.
"Skywire Software continues to have a strong presence in the insurance vertical,” said Craig Weber, senior analyst and author of the report. "That gives them excellent insight into the unique needs of insurance carriers. Leaders in our Traction Index are demonstrating strong market momentum among insurers, which gives them the kind of experience that many carriers are looking for.”
“Skywire Software is very pleased to be consistently recognized by Celent as a market-leading provider of enterprise software for the insurance industry in multiple categories,” said Wendy Gibson, Skywire Software’s chief marketing officer. “We are committed to providing the best core components that enable insurers to manage the insurance policy life cycle. We are especially proud our offerings continue to enable our customers to solve key business challenges and adapt quickly to the changing needs in this highly competitive market.”
In keeping with the company’s commitment to investing in its products and innovation, Skywire Software recently announced availability of the InsBridge 3.8 rating, rules, and underwriting system. InsBridge is a robust, yet easy-to-use, the Web-based rating, rules and underwriting system can integrate with any platform and operate on all major operating systems. This makes InsBridge an ideal solution for insurers seeking to enhance their existing technology investments with rating functionality. Insurers also leverage Skywire Software’s deep domain expertise and proven success integrating InsBridge with mainframe policy administration and other legacy systems, without disrupting business operations.
The company also began shipping version 11.2 of Documaker last month. Documaker enables companies to generate high-volume, on-demand and personalized customer communications. Featuring more than 140 customer and market-driven enhancements, this latest power packed version of Documaker has an updated look-and-feel based on Microsoft Windows themes using icons and user interface elements found in Microsoft Vista and Office 2007.
Skywire Software serves more than 1,600 customers worldwide, including 1,000 insurance companies. The company provides a comprehensive platform of business and enterprise CCM applications for the insurance industry. Customers also leverage the deep domain knowledge and expertise of Skywire Software’s professional services team and its state-of-the-art Business Process Outsourcing facilities.
Celent’s Insurance Software Deal Trends reports are based on vendor-provided and publicly available information about insurance-specific applications and infrastructure software sold to insurers in North America during 2005 and 2006. For more information about this report visit www.celent.com.
About Skywire Software
Skywire Software is a leading software company serving the insurance, health care, utility, and financial services industries. The Company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,600 customers worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.