The Hartford Works with XDimensional to Speed Process of Auto and Homeowners Insurance Placement
Direct system linkage brings straight-through policy processing to agents who use Nexsure(TM) agency management system
HARTFORD, Conn., Aug. 25 -- Placing personal lines business with The Hartford just got faster for insurance agents that use Nexsure agency management system from XDimensional Technologies Inc. These agents now can link directly to The Hartford ExpressWay(SM), The Hartford Financial Services Group's new super-fast personal lines quoting tool.
"An insurance agent's time is money. Saving a few minutes in processing each policy can liberate an agent to better serve current customers or seek new ones. Since a significant segment of our agent customers already directly connect to The Hartford every day for billing, policy and claims inquiries, this direct link for quoting can further help them expand agency revenues," said Michael Walther, chief executive officer of XDimensional Technologies, Inc.
"The new direct link is an excellent application of Nexsure's real-time XML capabilities. Because Nexsure links directly to The Hartford ExpressWay, rather than bridging to a third party, it offers straight-through processing with increased speed and reliability," he added.
This linkage was demonstrated earlier this year during a standing-room- only session on "Seamless Collaboration" at the ACORD-LOMA technology conference. It illustrated true real-time straight-through processing throughout the insurance value chain.
"The linkage of XDimensional's Nexsure to The Hartford ExpressWay is another excellent option for agents to use technology to gain a competitive business edge," said Jonathan Bennett, senior vice president of Personal Lines at The Hartford. "Agents now can complete a quote in three minutes by entering information into their Nexsure system and pushing a button. It's fast, simple and smart."
Nexsure is a native XML .NET application. By adhering to industry technology standards, XDimensional had a leg up in building the interface with The Hartford. This approach also makes it easier to enhance Nexsure periodically in response to agency feedback.
The Nexsure-to-Expressway link is now available and requires no training or installation. For further information on Nexsure, agents should contact Warren Long, vice president of Marketing, at 714-672-8960 or warren.long@xdti.com. For information about The Hartford Expressway, Hartford agents should contact their local personal lines representative.
XDimensional(R) Technologies, Inc. (http://www.xdimensional.com/), based in Brea, Calif., develops and markets Nexsure, the Internet insurance agency management solution that connects agents, carriers, brokers, and policyholders, driving efficient business production, superior customer service, and insightful business management.
The Hartford is one of the nation's largest financial services and insurance companies, with 2004 revenues of $22.7 billion. The company is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property-casualty insurance. The Hartford's Internet address is http://www.thehartford.com/.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Hartford caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford's Quarterly Reports on Form 10-Q, our 2004 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. The Hartford assume no obligation to update this release, which speaks as of the date issued.
Contacts: The Hartford XDimensional Sue Honeyman Warren Long 860-547-4976 714-672-8960 shoneyman@thehartford.com warren.long@xdti.com