NAT, Inc., Leading Insurance Workflow Software Solutions Provider, Joins IASA
DES PLAINES, Ill., June 2 -- NAT, Inc., a leading provider of insurance workflow software solutions that enable insurance companies, third- party administrators and retailers to conduct their businesses with greater efficiency, economy and accuracy, has joined IASA to help exchange ideas and information for improving business processes and systems of the insurance industry and related industries like automotive and retail sectors.
As part of IASA, NAT will help lead technology process improvements that automate and streamline IT workflow and eliminate IT inefficiencies for companies that sell extended service warranties and niche insurance products. NAT insurance workflow software solutions enable effective contract management, accelerate claims resolution, provide immediate cost savings, and greatly enhance the customer experience.
"The traditional warranty and insurance and insurance industry model is slow, document- and labor-intensive, prone to human error and fragmented, all of which are obstacles to efficiency, proper risk management and profitably for insurers, TPAs and their retail channels," said NAT CEO Peter Leger. "These obstacles are removed when extended service warranties and related insurance products are managed using NAT workflow automation and re- engineering. NAT's membership in IASA lets us participate in sharing best practices to help the insurance industry achieve greater efficiencies, flexibility and growth."
The company's warranty and insurance workflow software platforms are Web- enabled, scalable, open architecture (client-specific) built on Microsoft technology. Platforms can be integrated into a user's legacy IT environment or used as a stand-alone solution. They also capture and warehouse data from throughout the distribution channel -- from issuer to consumer -- so this data can be easily accessed and viewed in real time from the desktop or Web for faster policy processing, problem resolution and claims management. Three of the top 10 insurance companies who underwrite extended service warranties, a major auto manufacturer and one of the top auto glass providers use NAT platform workflow software solutions. In addition NAT offers CRM Solutions and Data Services to better manage the customer lifecycle.
"It is encouraging that companies like NAT, Inc. recognize the importance that IASA has played in the past and will play in the future in educating insurance industry professionals," said Jennifer King, incoming VP of Volunteer Development for IASA. "NAT's membership brings a valuable new partner to IASA, especially as companies look to streamline back office processes through the insurance enterprise, leverage Web-based and e-commerce tools, and operate more efficiently through the use of technology."
About IASA ( http://www.iasa.org/ )
IASA is a non-profit, education association that strives to enhance the knowledge of insurance industry professionals and participants from similar organizations closely allied with the insurance industry, by facilitating the exchange of ideas and information.
About NAT ( www.natinc.com )
Headquartered in Des Plaines, IL, NAT, Inc. is the collaborative workflow software Partner of Choice for insurance companies, third-party administrators (TPA) and retailers who underwrite, price, administer, manage and sell extended service warranties and for manufacturers and service repair providers who offer new-product and service warranties to build consumers' confidence in their products and services. The company's warranty software solutions -- SCS Automotive Extended Warranty Platform and NAT Manufacturer Warranty Platform -- streamline and automate the traditional fragmented, time-consuming and error-prone manual processes required to administer, insure, price and sell new product warranties and extended service warranties and their related claims processing. NAT clients enjoy reduced costs and increased income.