TMCnet News
FICO and SulAmérica Honored with Award for Excellence in Auto Insurance UnderwritingSÃO PAULO --(Business Wire)-- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that together with SulAmérica they have received the 2011 E-Finance award from Executivos Financeiros for an auto underwriting project using FICO's business rules technology. The prize recognizes the best projects and the most innovative solutions implemented by financial institutions throughout 2010. The companies won in the category Auto Insurance Core System, with SulAmérica honored as the insurer and FICO as the solution provider. SulAmérica is now using the FICO™ Blaze Advisor ® business rules management system to calculate prices, generate customized proposals and make changes in a flexible and dynamic way that improves customer service. "This implementation improved our auto underwriting process," said Carlos Alberto Trindade, Auto vice president from SulAmérica. "Through our system leveraging FICO Blaze Advisor, we guarantee competitive prices, control our risk and provide rapid responses to market changes. We are also able to improve our relationships with our 30,000 brokers and customers by providing greater agility and transparency in the pricing." According to Andreas Suma, FICO's senior director for Latin America, FICO™ Blaze Advisor® gives businesses greater agility to rapidly respond to insrance market demands, and to introduce new strategies and analytics into real-time decision processes. "The migration from manual processes to an automated process achieves significant cost efficiencies in industries such as insurance, and allows significant improvements in client satisfaction," said Suma. FICO™ Blaze Advisor® is the world's leading business rules management system (BRMS), maximizing control over high-volume operational decisions. Blaze Advisor provides companies across industries with a scalable solution that delivers unprecedented agility and actionability for smarter business decisions.
About FICO
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