Fireman’s Fund, BearingPoint Team on System
BearingPoint Inc, a business consulting and systems integration firms, announced that the company was awarded a major contract from Fireman’s Fund Insurance Company to implement a new management system for insurance agents.
BearingPoint will implement GlobeNet Technologies’ Firestorm Compensation solution to support three Fireman’s Fund business functions: Agency Administration, Agency Business Planning, and Incentive Compensation Management.
The new agency management system can reportedly provide Fireman’s Fund with more comprehensive, real time agent data enabling the company to better manage its independent agency network, conduct the business planning on both agent and enterprise levels, and automate agency compensation process.
“GlobeNet’s Firestorm Compensation Suite can help Fireman’s Fund deal with industry issues such as integrating legacy systems, creating a single ‘master file’ for Agency administration, and capturing business critical transaction data for incentive programs,” said Marc Gallo, a managing director with BearingPoint. “BearingPoint will draw on our experiences in implementing agency management systems to help Fireman’s Fund streamline business processes, reduce costs and improve management reporting and controls.”
- Severe Convective Storms: Risk, Field Reality and the Path to Resilience
- CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO
- Another Tanker Suffers Failure as Crew Suspect Cyber Attack
- Apollo’s Rowan Blasts Regulators for Handling of Walter Insurers
- Credit Acceptance Reaches $710M Predatory Auto Lending Settlement With Most States
- The Nation’s Insurance Laboratory: What Liability Trends in California Mean for the Rest of the Country
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
- Florida Bans Flock Cameras, License Plate Readers From State Roads