FSC and Safeco to Provide Real-Time Rates in Connecticut - Read More - FSC

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2007-12-14

FSC and Safeco to Provide Real-Time Rates in Connecticut

FSC Insurance Solutions, a business unit of Fiserv, Inc. (NASDAQ: FISV) and Safeco (NASDAQ: SAFC) have announced plans to provide independent agents in Connecticut with real-time personal auto insurance rates through FSC’s single-data-entry comparative rating platform, XcelerRator™.

XcelerRator™ is FSC’s web-based rating system that provides a combination of traditional manufactured rates and carrier direct real-time rates, integration to carrier and third party software, and a complete library of ACORD and carrier supplemental forms.

“In order for agents and brokers to stay competitive in the marketplace, they need single-entry access to accurate credit affected premiums for multiple carriers” said David Cooksley, President of FSC Insurance Solutions East. “XcelerRator™ solves this need and ensures that rates received from real-time rating partners like Safeco, are the same rates a producer would have received if they had been requested from the carrier directly.”

“Real-Time rating shows a great deal of promise to the independent agent community,” said Mele Fuller, Director of Partner Integration at Safeco. “In combination with SafecoNow’s Quote & Issue capabilities, real-time rating uncomplicates the sales process. We are pleased to work with FSC Insurance Solutions in providing Safeco agents with access to real-time rating through the XcelerRator™ platform.”

About FSC Insurance Solutions
FSC Insurance Solutions, headquartered in Agoura Hills, Calif., is a full-service provider of personal lines rating solutions for the insurance industry. As a leader in rating and insurance technology solutions, FSC provides systems to more than 6,500 customers nationwide including independent agents, brokers, insurance companies and managing general agencies. FSC can be found on the Internet at www.fiservfsc.com.

About Safeco

Safeco, in business since 1923, is a Fortune 500 property and casualty insurance company based in Seattle. The company sells insurance to drivers, home owners, and owners of small- and medium-sized businesses through a national network of independent agents and brokers. More information about Safeco can be found at www.safeco.com.
About Safeco

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