TORONTO, April 12 /CNW/ - Xenos Group Inc. (TSX: XNS) announced that
American Safety Insurance (ASI) has implemented a business partner gateway
solution for reinsurance with Xenos terminalONE(TM) software. ASI provides
innovative insurance solutions for difficult risks in underserved markets
through a national network of agents and program business partners.
ASI selected Xenos to solve a critical requirement to rapidly automate
its premiums and claims billing process via an internet gateway for its
program business partners. Xenos designed and implemented a solution to
intelligently route, apply business rules, extract, normalize, map, transform
and re-purpose data from Excel spreadsheets and load it in an SQL Server
database. This data is then processed through ASI's reinsurance system and is
then fed into the general ledger.
Greg Black, ASI's Chief Information Officer, stated, "With the gateway
Xenos implemented, we are increasing our efficiency by eliminating the need to
manually map, validate and extract billing information in CSV format from the
Excel spreadsheets our program partners submit monthly. We have also
significantly improved our service to the internal customer with a centralized
database and in a common format providing easier data loads, simpler
accounting and reporting. And using the web gateway, our program partners each
will typically reduce their administrative overhead for claims and premiums
billing, enabling them to focus on new business acquisition."
Paul Walker, Chief Operating Officer of Xenos added, "Innovative
companies such as ASI can realize significant business benefits within months,
not years, while they transform their business models in response to
competitive pressures for reduced billing and claims cycle time with automated
business partner gateways for online self-service."
About American Safety Insurance
American Safety Insurance Holdings, Ltd. (NYSE: ASI), a Bermuda-based
holding company, offers innovative insurance solutions in the alternative
insurance market for environmental remediation, contracting and other
specialty risks through its program administrator, American Safety Insurance
Services, Inc., and insurance company subsidiaries American Safety Casualty
Insurance Company, American Safety Indemnity Company and American Safety Risk
Retention Group, Inc., which, as a group, are rated "A" (Excellent) VIII by
A.M. Best. Visit www.amsafety.com for additional information.
Xenos (TSX: XNS) high-performance data and document management solutions
provide organizations with a powerful competitive advantage-adaptability.
Xenos powers information supply chains - without re-engineering - by
transforming and repurposing both static and transactional information.
Xenos solutions increase the efficiency, agility and accountability of
organizations worldwide across a wide variety of industries including
financial services, insurance, healthcare, telecommunications, manufacturing,
logistics, transportation, retail and government sectors. Xenos has offices in
Canada, the United States, the United Kingdom and France and sells and
supports its solutions directly and through a global network of resellers and
partners. For more information, visit www.xenos.com.
For further information:
For further information: Editorial Contact: Graham Barker, Xenos Group
Inc., (905) 763-5103, email@example.com; Investor Relations Contact: Cory
Pala, Xenos Group Inc., (416) 657-2400, firstname.lastname@example.org