Products & ServicesPosted On: Oct. 18, 2009 12:00 AM CST
MINNEAPOLIS—ING Employee Benefits said it has upgraded its online enrollment tool with enhanced reporting and enrollment capabilities.
ING Enroll is a software-based program that can be used by enrollment firms and brokers to streamline the enrollment process for voluntary benefits, the company said.
Upgrades include a quick-quote feature to enable users to offer customized quotes on premiums. State-specific forms, such as an evidence-of-insurability form, can be signed electronically, the company said.
In addition, case managers can track and manage the enrollment process more comprehensively due to enhanced reporting capabilities that verify eligibility, the company said.
The Web-based program can be used onsite with a laptop computer that connects to a secure Internet site in real time or in a call center environment.
In addition, the program can be integrated into other enrollment systems to streamline the process for companies that work with more than one insurance company, ING said.
For more information, contact Scott Hofstedt, head of voluntary sales, at Scott.Hofstedt@us.ing.com or 612-372-1176.
CHEVY CHASE, Md.—Victor O. Schinnerer & Co. Inc. has changed its exposure base for architect and design firm clients in response to the economic downturn.
The Chevy Chase, Md.-based underwriting manager said the new exposure base is calculated based on the company's billings for the most recently completed 12-month period prior to renewal. Previously, the prior fiscal year's billings were used as the exposure base measure, the company said.
The changes will result in lower premiums for firms that have seen a decline in billings during the past year, the company said.
For more information, contact Kate Enos Frownfelter, senior vp, at 301-951-6919 or firstname.lastname@example.org.
HARTFORD, Conn.—Hartford Financial Services Group Inc. has revamped its Property Choice coverage and enhanced features for midsize businesses, the company said.
Property Choice offers companies broad coverage for physical structures, equipment and inventory, lost revenue, business and personal property.
Hartford said increased limits are available up to $2 million for policyholders insuring newly acquired buildings; up to $1 million for new acquired business personal property; up to $25,000 for utility interruption services; and up to $50,000 for business-interruption coverage.
In addition, the policy can be customized to address industry-specific exposures in more than 40 industries.
And $100,000 of additional coverage is available for “green updates,” which include replacing damaged materials with energy-efficient materials after a loss, Hartford said.
For more information, contact Sue Ozmun, assistant vp of middle-market underwriting practices, at 860-547-7380 or email@example.com.
LONDON—Axco Insurance Information Services Ltd. and Fiscal Reps Ltd. said they have teamed up to offer a suite of products and services to help insurers comply with international tax regulations.
In a joint statement, the London-based insurance consultant and the compliance firm said they intend to offer insurers and brokers the most up-to-date market information and transactional execution.
The companies said the Web-based product aims to address the corporate governance climate and increased pressure on insurers to deliver assured compliances for premium and other taxes.
The company said the service will help users “consider in advance the full impact of all taxes upon a policy.” In addition, the service will help companies reduce costs because they no longer will need to dedicate resources to build proprietary systems to track tax laws and other regulations, according to a statement.
For more information, contact Tim Yeates, head of business development at Axco at +44-20-7623-9828 or firstname.lastname@example.org; or Chris James, chief executive officer of FiscalReps, at +44-20-7663-5672 or email@example.com.