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News Release: Retailers Insurance Adds SpeedBuilder Systems’ BindExpress Policy Suite

Retailers Insurance Company - Tuesday, January 21, 2014

Columbia, S.C. – January 17, 2014 – SpeedBuilder Systems, Inc. today announced that Michigan-based Retailers Mutual is live with workers’ compensation on the BindExpress Policy Suite.  The entirely web-based system will enable agents and underwriters to collaborate seamlessly with once-and-done processing for all insurance transactions – from new business quoting to renewals.

"Among other benefits, the new system provides a complete point-of-service solution that now includes electronic underwriting, instant on-screen pricing, and same-day turnaround," said James P. Hallan, President and CEO of Retailers.  “The easy-to-use yet robust platform will enable us to compete side-by-side with literally any carrier – even the nationals.”

“We are pleased to add Retailers Mutual to our family of success stories,” said Rod Giess, President of SpeedBuilder Systems.  “This implementation proved the value of the numerous configuration options we built into BindExpress, greatly reducing the time, cost, and risk of the project, yet enabling us to deliver a solution tailored to Retailer’s specific needs. As important, Retailers will be able to adapt quickly when market needs change in the future.”

About SpeedBuilder Systems
SpeedBuilder Systems, Inc. (www.speedbuildersystems.com) offers large enterprise-class solutions for small-to-medium sized P&C insurance carriers.  The BindExpress Suite is an integrated set of components including policy administration, rating, automated underwriting, agent and consumer portals, product configuration, billing, automated workflow, analytics, and document generation. Built using open source technologies, the BindExpress Suite improves ease-of-doing-business for both consumers and professionals, reduces the time-to-market for delivering new products, and extends the life of both new and legacy systems.

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Retailers Insurance Company | 603 South Washington Avenue | Lansing, MI 48933
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