BOTHELL, Wash., April 24, 2009 (GLOBE NEWSWIRE) -- Vertafore, a provider of market-leading software and services for the insurance industry, is pleased to announce Frederick Mutual Insurance Company (FMIC) has selected PremiumBill to handle the company's growing billing needs. FMIC is partnering with Vertafore on this strategic initiative to migrate from Phoenix billing to PremiumBill for all lines of insurance.
"We are excited about getting PremiumBill installed and about the future Vertafore is charting for the products," said Dave Pitzer, CIO at Frederick Mutual.
Founded in 1843 and based in Frederick, Maryland, FMIC is a mutual insurance company writing business in both Maryland and Pennsylvania. FMIC provides property and casualty coverage, including homeowners, dwelling fire, personal umbrella, business-owners, artisan contractors and commercial umbrella, for homeowners, renters and small businesses.
The selection of PremiumBill by FMIC will modernize the company's billing processes and allow for more seamless integration with the company's existing core administration systems. PremiumBill is a web-based, enterprise billing system built on the latest .NET technology. It features customer service-friendly screens, easy rescheduling of bills and flexible pay plan options. Both direct and agency bill functions are supported, and PremiumBill also handles Electronic Funds Transfer (EFT) and split billing of package policies.
"Now more than ever, billing plays a key role in carriers' ability to attract and retain clients," said Vance Huntley, CTO for Vertafore. "We are pleased to partner with Frederick Mutual in their effort to move to next-generation billing technology while providing their customers with functionality such as Electronic Funds Transfer (EFT) and geographically targeted billing suspension for catastrophe response."
About Vertafore
Vertafore is the leading provider of software, services, and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers. Vertafore leverages a unique industry presence to deliver meaningful solutions-powerful technology, critical information and robust insights to help organizations effectively respond to business challenges and capture new opportunities. Vertafore solutions have helped more than 15,000 customers and 200,000 users gain a competitive advantage to accelerate their business performance. For more information about Vertafore, please visit www.vertafore.com.
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