January, 2002
January, 2002
ORLANDO, Fla. -- Focus! ... on Innovation Inc., an Internet design and construction services firm, recently announced it has signed a development and product licensing agreement for its e-SURETY™.NET product with Allmerica Financial.
e-SURETY™.NET is a Web-based software application that was designed with the support of insurance professionals for the underwriting, issuance and servicing of all forms of surety products. e-SURETY™.NET is a fullfeatured, stand-alone, browser-based application that can handle the entire method required to process and service bonds.
"We are pleased that our extensive development efforts and testing of the e-SURETY™.NET product has secured the confidence of a market leader such as Allmerica," said Focus! ... on Innovation President and CEO Daniel T. Buckles. "e-SURETY™.NET brings Allmerica the capability to rapidly innovate and deliver new surety products throughout all of its markets."
The e-SURETY™.NET product system is unique from other online bond sites in that the application, payment, underwriting, and issuance or rejection of the bond can be completed entirely via the Web. Other sites only allow users to download and print forms for submission via fax or mail. e-SURETY.NET is the first product offering the complete process on the World Wide Web.
According to Allmerica CIO Gregory T. Tranter, "The e-SURETY™.NET product is a completely Web-enabled system that allows our Surety Division and its agents to easily create and issue a variety of new bonds through the Internet. This product supports Allmerica's growth strategies through the use of innovative technologies."
Allmerica Financial is a diversified group of insurance and financial services companies based in Worcester, Mass. Allmerica has been helping its clients meet their financial security needs for more than 150 years, marketing a broad range of products and services to individuals, families, businesses and associations across the country. A Fortune 500 company, Allmerica ranks among the leading providers of variable annuities, variable life insurance, and property and casualty insurance coverages in the country.
With headquarters in suburban Orlando, Fla., Focus! .... on Innovation Inc. specializes in developing completely Web-enabled Internet solutions for high-growth business. For more information regarding e-SURETY™.NET, please visit the website at www.e-SURETY.net.