Columbia, S.C., October 21, 2008 – Fiserv Insurance Solutions, one of the largest providers of innovative technology, professional services and strategic sourcing options for the insurance industry, announced today that Georgia Farm Bureau Insurance has selected the Fiserv Insurance Solutions’ property and casualty suite to replace their existing core systems. Based in Macon, Ga., Georgia Farm Bureau will implement this product suite for policy administration, claims management, billing, and reinsurance administration. Georgia Farm Bureau, a writer of farm, home, auto and light commercial insurance, is the state's largest domestic property-casualty insurance company.
“Fiserv Insurance Solutions was selected because of their use of leading technology and their commitment to innovation that fit our strategic direction,” said Zippy Duvall, President of Georgia Farm Bureau. “The increased operational effectiveness that these solutions provide will facilitate improved service to our members. The deep and rich function of each system provides us with the opportunity to take our service and effectiveness to the next level.” Duvall added that the decision was also based on the insurance knowledge and reputation for delivery of the Fiserv Insurance Solutions team.
“Understanding the personal nature of insurance has been a major strength in Georgia Farm Bureau Insurance’s rich history, so they were completely engaged in choosing a partner that delivers a successful technology which allows that personal focus,” said Mark Damico, President and CEO of Fiserv Insurance Solutions.
“Georgia Farm Bureau’s evaluation and selection of Fiserv Insurance Solutions as its partner affirms our direction as we work to address not only the requirements of today’s business but also tomorrow’s challenges,” said Gary Sherne, president of the P&C Division. “Georgia Farm Bureau recognized that our solutions’ strengths and flexibility are critical to insurance operations as the industry moves ahead.”
The policy, claims and billing solutions are configurable Java-based systems that provide comprehensive insurance function for core processing. The reinsurance solution automates administration from contract definition through claims, accounting and cash, to year-end statutory reporting for ceded reinsurance.