NEW YORK and NOVATO, Calif.; Feb. 5, 2007 – Fireman’s Fund Insurance Company has selected Accenture (NYSE: ACN) technology for processing its insurance claims. The companies will jointly implement the newly upgraded technology solution to handle all claims submitted to Fireman’s Fund® under its commercial, personal and specialty lines.
“We believe a high-performing claims system is one of the critical paths to customer satisfaction, growth and profitability,” said Paul Stachura, chief claims officer, Fireman’s Fund. “We chose this technology for its scalability and innovative design as well as its track record in the industry.”
The Accenture Claim Components Solution is a Web-based technology designed to help insurers improve the efficiency of their claims-handling operations through the automation of routine tasks. At Fireman’s Fund, the solution supports core claims transactions from first notification of loss through closure of the claim. It integrates with a full range of claims interfaces.
“Claims processing represents the single largest operating cost for property and casualty insurers,” said Michael A. Lucarini, senior executive and global head of Accenture’s claims solutions. “It is an area where insurers are often able to improve their efficiencies significantly and meaningfully differentiate themselves in the market.”
This latest version of the software includes an enhanced user interface and dynamic question and answer architecture, Web services framework, and Microsoft .NET 2.0 technology. Accenture Claim Components Solution currently helps process approximately one-third of all property and casualty insurance claims in the United States.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills, and technologies to help clients improve their performance. With approximately 146,000 people in 49 countries, the company generated net revenues of US$16.65 billion for the fiscal year ended Aug. 31, 2006. Its home page is www.accenture.com.
About Fireman’s Fund
Fireman’s Fund Insurance Company is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman’s Fund is a member of the Allianz Group (NYSE: AZ), one of the world’s largest providers of property and casualty insurance and other financial services. For additional information, visit www.firemansfund.com.