For a large segment of intelligent business operations, effective technology has not been available. That’s what is unique about Resonant. We fit that sweet spot that no one else has been able to target.
Welcome to Resonant Software’s new online presence. We have created an entirely new website that reflects our successful growth — within our Life Insurance origins, the opening of our UK business, and our new expansions into related markets, particularly Property & Casualty Insurance.
Overtime, please stop by and say hello. We will be here, posting about the exciting industry trends currently emerging, and the convergence of technology that is helping make it happen.
NEW YORK – January 7, 2013 – Resonant Software today announced the 3.0 release of its ground breaking Integrated Life Underwriting Solution (ILUS). Life insurers of any size can manage all of their new business functions from a single platform – simply using their existing documented guidelines. From receipt of application through to issue, ILUS uses the business’ own guidelines to dynamically establish requirements, identify and fulfill needed forms, place orders, assess evidence, and drive compliant decisions. It’s ability to span the full spectrum from Straight-Through-Processing to complex manual underwriting in a low cost of ownership package makes it the most effective solution in the industry for productivity, compliance, and market objectives. ILUS 3.0 is available immediately as either an on-premise installation or hosted solution.
Highlighting the 3.0 release is Resonant’s new Guideline Manager. Through close collaboration with users and Microsoft’s new .NET technical capabilities, this complete reimplementation dramatically simplifies guideline authoring, deployment, and audit in a familiar MS Office style environment. It offers the ability to define, manage and audit guidelines, with no IT involvement required. Regulatory, product, and operational changes that typically require months and a budgeted project can now be made in minutes by the same business analyst who would previously be assigned the task of updating the Word or Excel guideline documents. Behind the scenes, every edit and every version is tracked for full regulatory and reinsurance compliance.
“Imagine receiving a state regulation change in the morning and having it in place that afternoon. Imagine a single business analyst defining new products or workflow changes in a few hours. Imagine having real-time data to refine STP criteria in real-time. That is the vision we have enabled,” said Resonant CEO Brian Falkenhainer.
ILUS 3.0 also introduces Resonant’s full featured forms management and fulfillment system. Each product and state specific form may be managed, along with their effective dates, and referenced from the guidelines for desired processing. This ensures that the right form is always used and automates manually-intensive correspondence functions, thereby improving both productivity and compliance. Neither customers nor regulators appreciate data errors or signatures on the wrong form.
ILUS’ new user interface simplifies the user’s ability to find and complete their work, while improving work quality. The new Inbox highlights only the cases requiring attention, while presentation of case data – and issues – has been simplified around the most salient information. Similarly, ILUS’ new reporting infrastructure now allows carriers to prototype and deploy their own reports using simple drag-and-drop tools.
Less visible is ILUS 3.0′s ability to scale both horizontally and vertically, enabling carriers of any size while remaining simple and cost effective for all. ILUS has been optimized for the leading databases and operating systems, and is fully cluster-enabled, enabling unlimited horizontal expansion.
About Resonant Software, Inc.
Resonant’s Integrated Life Underwriting Solution (ILUS) is software developed by underwriters for underwriters. Resonant’s groundbreaking, adaptive process significantly reduces the cost and time of deployment, and improves cycle time, productivity and regulatory compliance. Resonant seamlessly integrates all the tools required to manage fully underwritten or simplified issue and straight through process applications, with unprecedented control and visibility.