Chennai: Sonata Software and Maximum Processing Inc announced a strategic alliance to increase the delivery capabilities of the Stingray System, a fully functional web-based property and casualty insurance administration solution.
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The Stingray Insurance Processing System, designed and developed by Maximum Processing, is a policy, billing, claims and reinsurance administration system which provides workflow, imaging and many third-party interfaces (e.g. credit card, general ledger, comparative raters, CLUE, bureau stat reporting and others). It comes with consumer and agent portals as well as a full point of sale system. Similar to online securities trading platforms and online banking systems, Stingray resides on the Internet and uses the latest technology to access an industry standard database configuration. This standardization on new technology makes deployment simple and customization easy.
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With Sonata's broad base of services, coupled with general insurance industry expertise, Maximum Processing can help insurers implement a reliable, fast and accurate core system, building a competitive advantage in a dynamic industry environment, says a release.
"Stingray is the fastest growing web-based system available in the market today. From Homeowners to Auto, Professional Liability to Commercial Property – Stingray provides the latest in technology, ease of use, low cost deployment and all round customer satisfaction. Our association with Sonata will help us take advantage of their deep domain expertise and vast resources to meet the huge demand for Stingray System", said Sean Pitcher, President and CEO of Maximum Processing. "The Stingray System provides a complete toolset, which can help organizations respond to the need for quick implementations and speed-to-market", he further added.
C. V. Narayanan, Head - Managed Testing and Web Technologies, Sonata Software Ltd. said, "Insurance organizations today are under increasing pressure to meet new regulations and respond to rapidly changing business requirements while cutting costs. Our partnership with Maximum Processing is a step towards enabling them to achieve operational excellence and differentiation, thereby setting them on the road to high performance."
