News & Events Info
American Safety Insurance Implements Program Partner Gateway with Xenos terminalONE Solution
TORONTO, Ontario, April 12, 2007 —Xenos Group Inc. (TSX: XNS) announced that American Safety Insurance (ASI) has implemented a business partner gateway solution for reinsurance with Xenos terminalONE™ software. ASI provides innovative insurance solutions for difficult risks in underserved markets through a national network of agents and program business partners.ASI selected Xenos to solve a critical requirement to rapidly automate its premiums and claims billing process via an internet gateway for its program business partners. Xenos designed and implemented a solution to intelligently route, apply business rules, extract, normalize, map, transform and re-purpose data from Excel spreadsheets and load it in an SQL Server database. This data is then processed through ASI’s reinsurance system and is then fed into the general ledger.
Greg Black, ASI’s Chief Information Officer, stated, “With the gateway Xenos implemented, we are increasing our efficiency by eliminating the need to manually map, validate and extract billing information in CSV format from the Excel spreadsheets our program partners submit monthly. We have also significantly improved our service to the internal customer with a centralized database and in a common format providing easier data loads, simpler accounting and reporting. And using the web gateway, our program partners each will typically reduce their administrative overhead for claims and premiums billing, enabling them to focus on new business acquisition.”
Paul Walker, Chief Operating Officer of Xenos added, “Innovative companies such as ASI can realize significant business benefits within months, not years, while they transform their business models in response to competitive pressures for reduced billing and claims cycle time with automated business partner gateways for online self-service.”
About American Safety Insurance
American Safety Insurance Holdings, Ltd. (NYSE:ASI), a Bermuda-based holding company, offers innovative insurance solutions in the alternative insurance market for environmental remediation, contracting and other specialty risks through its program administrator, American Safety Insurance Services, Inc., and insurance company subsidiaries American Safety Casualty Insurance Company, American Safety Indemnity Company and American Safety Risk Retention Group, Inc., which, as a group, are rated "A" (Excellent) VIII by A.M. Best. Visit www.amsafety.com for additional information.
About Xenos
Xenos (TSX: XNS) high-performance data and document management solutions provide organizations with a powerful competitive advantage—adaptability. Xenos powers information supply chains—without re-engineering—by transforming and repurposing both static and transactional information.
Xenos solutions increase the efficiency, agility and accountability of organizations worldwide across a wide variety of industries including financial services, insurance, healthcare, telecommunications, manufacturing, logistics, transportation, retail and government sectors. Xenos has offices in Canada, the United States, the United Kingdom and France and sells and supports its solutions directly and through a global network of resellers and partners.
For more information, visit www.xenos.com
Editorial Contacts:
Graham Barker
Xenos Group Inc.
+1 905 763 5103
gbarker@xenos.com
Investor Relations Contact:
Cory Pala
Xenos Group, Inc.
+1-416-657-2400
cpala@xenos.com
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