Maximum Processing, Sonata Software Team Up To Serve Insurance Firms

Maximum Processing, and Sonata Software, an IT consulting and software services provider, have announced a strategic alliance to increase the delivery capabilities of the Stingray System, a fully-functional, Web-based property and casualty insurance administration solution.

The Stingray Insurance Processing System, designed and developed by Maximum Processing is a policy, billing, claims and reinsurance administration system, which provides workflow, imaging and many third-party interfaces (e.g. Credit Card, General Ledger, Comparative Raters, CLUE, bureau stat reporting and others). It comes with consumer and agent portals as well as a full point-of-sale system. Similar to online securities trading platforms and online banking systems, Stingray resides on the Internet and uses the latest technology to access an industry standard database configuration. This standardisation on new technology makes deployment simple and customisation easy.

With Sonata’s broad base of services coupled with Property & Casualty insurance industry experience, Maximum Processing can help insurance organisations implement a reliable and accurate core system building a competitive advantage in a dynamic industry environment.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

C V Narayanan, Head-Managed Testing and Web Technologies, Sonata Software, said, “Insurance organisations today are under increasing pressure to meet new regulations and respond to rapidly changing business requirements while cutting costs. Our partnership with Maximum Processing is a step towards enabling them to achieve operational excellence and differentiation, thereby setting them on the road to high performance.”