Mutual Underwriters Goes Live with CodeObject’s InsuranceEnterprise in the Cloud for Managing Business Owners and Commercial Property Products

Policy Administration, Rating, and Billing
accelerates speed-to-market and transforms operations

MILPITAS, Calif.–(BUSINESS WIRE)–CodeObjects
Inc.
announces that Mutual Underwriters, LLC. a
company dedicated to the development and distribution of commercial
lines, personal lines, and niche business insurance products, is the
latest company to launch InsuranceEnterprise as a strategic insurance
platform to help grow their business. InsuranceEnterprise gives Mutual
Underwriters the benefits of streamlined policy processing from quote to
renewal, and a powerful rating and rules engine that enables complex
products to be deployed and maintained allowing them to capitalize on
emerging revenue opportunities.

Mutual Underwriter’s strategy to rapidly grow their business by managing
products for multiple insurance carriers in multiple states presented
major challenges when searching for a core system platform. “Many of the
existing core insurance systems are unable to offer the agility we
needed to pursue these opportunities. The cost to modify products and
enhance the systems was much too large and required significant
operating expense. We needed a solution supporting our goal of running a
lean organization,” said Sean Murray, Managing Director of Mutual
Underwriters, LLC.

“InsuranceEnterprise in the cloud maximizes our operating efficiencies
and improves speed to market. By virtue of being fully cloud-enabled
using Amazon Web Services, InsuranceEnterprise reduces our IT
infrastructure and management costs. In addition, the CodeObjects team
is very knowledgeable and is as dedicated to our success as we are,”
said Murray.

CodeObjects cloud solutions are designed for business users with
rules-based framework that enables flexibility, configurability and
efficiency for better, more profitable business. The configurability
allows updates and new product launches across multiple jurisdictions to
meet the changing needs of the marketplace.

“Customers like Mutual Underwriters are under increasing market pressure
to launch products and provide efficient and compliant solutions while
controlling costs,” said Anil Annadata, CEO of CodeObjects.
InsuranceEnterprise is built to optimize processes. The solutions allow
customers to leverage data across a dispersed set of integrated
endpoints to implement a consistent, repeatable approach to product
management and policy processing. Rules based workflows, product
inheritance, rate testing harness, and a library of ancillary services
bundled with the solution, are just a few of the components that allow
customers like Mutual Underwriters introduce process improvements on a
continuous basis. “We are very pleased with the results of our work with
Mutual Underwriters and look forward to helping them continue to grow
their business.”

About Mutual Underwriters, LLC.

Headquartered in Noblesville, IN, U.S., Mutual Underwriters was formed
by insurance veterans with the purpose of bringing together all the
elements needed to assist the mutual insurance community with the
development and distribution of personal lines, commercial lines, and
program or niche business – from underwriting support to
state-of-the-art technology, strategic creativity, and capital
strategies.

About CodeObjects

CodeObjects is a P&C insurance software provider with the mission of
leveling the competitive playing field for mid-size insurance carriers.
CodeObjects offers configurable insurance process management solutions
running in the cloud, enabling quick and easy deployment. CodeObjects’
process management solutions support the insurance enterprise by going
beyond the core of policy, billing, rating and claims, and also
delivering built-in business intelligence and all the ancillary touch
points. For additional information on CodeObjects and its product and
service offerings, visit http://www.codeobjects.com

Contacts

Anthony Peccerillo
VP, Product Marketing
CodeObjects, Inc.
203.906.8590
Anthony.Peccerillo@codeobjects.com