Capitol Insurance Companies Selected as a Finalist for A.M. Best’s 2009 E-Fusion Award

MIDDLETON, Wis., Dec. 22 /PRNewswire/ -- Capitol Insurance Companies (Capitol) is pleased to announce they were selected as one of the finalists for A.M. Best Company's 2009 E-Fusion Award. The E-Fusion Award is designed to highlight outstanding, resourceful uses of technology as applied to business strategy in the insurance industry.

Capitol was selected as a finalist for its "CAP OnLine Producer Functionality" application, which is one component of its recently released policy and claim management system. Capitol developed and implemented the CAP OnLine Producer Functionality application in partnership with Wyde Corporation and CGI. This software helps manage both traditional and non-traditional agencies, facilitate clear communications between Capitol and its agencies throughout the United States and track detailed customer feedback and data.

With the release of this new Cap OnLine system earlier this year, agents and brokers have the ability to significantly speed up the process of obtaining insurance quotes online, anytime. "We understand the importance in ease of doing business and believe that by expanding our product mix combined with a new online system, it will be even easier for our customers to place their business with Capitol," said Alan Ogilvie, Vice President of Staff Services.

Each week throughout the month of October, finalists presented their company's entry via a live Webcast to a panel of industry executives. During the Webcasts, finalists had 40 minutes, including time for Questions & Answers, to explain their project, its business purposes, strategy, technological innovations and results. Judges had the opportunity to question the finalists and the online audience also had a chance to submit questions and feedback. The award finalists were selected during a preliminary round of judging.

"Capitol is extremely honored to have been selected as a finalist for the prestigious A.M. Best E-Fusion Award. There were many applicants and to have been recognized as one of the top three business technology innovators in the insurance industry is a tremendous honor," said Troy Lethem, Vice President of Information Services.

About Capitol

Capitol has been insuring business owners since 1959. Capitol is a national underwriter of specialty insurance products in niche areas of the commercial property and casualty and the fidelity and surety markets. Through its operating entities, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, Capitol offers high-quality customer service in programs tailored to the needs of its customers' business and risk management strategies. Information on Capitol is available at http://www.capitolindemnity.com. Capitol has an A ("Excellent") rating from A.M. Best. Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company are subsidiaries of Alleghany Insurance Holdings LLC.

About Wyde Corporation

Wyde is the sole owner and creator of Wynsure, a flexible and proven end-to-end solution that can be easily implemented specific to any insurance carrier's needs. The primary focus of Wyde is on Wynsure and its customers, resulting in successful projects. Wyde has received excellent ratings by industry analysts, including a top quartile rating by Celent in their Life Policy Administration systems report. (http://www.wynsure.com)

About CGI

Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies have approximately 26,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. As at September 30, 2009, CGI's fiscal 2009 revenue was $3.8 billion and its order backlog was $10.9 billion. Website: http://www.cgi.com

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SOURCE Capitol Insurance Companies