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Ireland's Avaeon Solutions Selected by Safeway Insurance Group to Automate Policy Lifecycle Functions for Company's Homeowner Insurance Program

Posted on: Tuesday, 17 March 2009, 11:00 CDT

GALWAY, Ireland and WASHINGTON, March 17 /PRNewswire/ -- Avaeon Solutions, an Ireland-based provider of software solutions to companies in multiple market segments, today announced that it has been chosen by Chicago-based Safeway Insurance Group to provide a comprehensive policy-management system for administering homeowner insurance in Safeway's home state of IL. Safeway selected Avaeon's award-winning .NET-based application framework Topoix for its robust architecture which will achieve substantial cost savings over the lifetime of the application. Utilizing the Topoix development framework dramatically reduces source code. This, in turn reduces application development time.

The deal extends a partnership that began with Safeway's deployment of Avaeon's Topoix for its Calif. automobile operations in early 2008. It coincides with Safeway's entrance into the homeowner insurance market in IL.

The news coincides with a business reception today in Washington, DC hosted by Enterprise Ireland, the Government Agency responsible for driving leadership and growth for innovative Irish companies in international markets. The event was one of several associated with a trade mission to the U.S. led by Ireland's Prime Minister, Brian Cowen.

The successful deployment of Topoix for Safeway's Calif. automobile operations paved the way for the application's use by the customer in seven additional markets. The system offers Safeway's 450 insurance professionals and 2,000 independent producers with an industry-leading system to service more than 250,000 policyholders. The system manages all aspects of the policy lifecycle, including automated underwriting, rating, policy issuance, policy change and myriad additional functions, including regulatory compliance, as well as electronic interfaces to over thirty external systems ranging from comparative raters, banks, fraud detection systems and law enforcement.

According to Safeway's chief information officer, Donna Jonynas, "Even with two relatively dissimilar insurance products of automobile and homeowner insurance, there is a significant amount of business rule reuse, ranging from simple zip code edits to complex billing functionality. With Avaeon's solution, we will shorten the development time and end up with a combined application that will have a much smaller code base than a traditional approach. This will result in significant savings to Safeway beyond the initial deployment."

Avaeon's managing director, Anthony Derham noted that in addition to providing a feature-rich application, Safeway needed a solution that is highly scalable, secure, and available 24/7/365. "Unless otherwise planned, the currently deployed Topoix applications have never been unavailable since first deployed more than two years ago. This uptime availability was a significant factor in Safeway's decision to select Topoix as the platform-of-choice for this strategically important project."

Avaeon also partners with developers using Topoix to develop their web-based applications.

About Avaeon Solutions

For more information on Avaeon Solutions, please visit www.avaeon.com

About Safeway Insurance

For more information on Safeway Insurance Group, please visit www.safewayinsurance.com

SOURCE Enterprise Ireland

Source: PR Newswire

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