Edgewater Technology, Inc. (NASDAQ: EDGW, or “Edgewater”), an innovative technology management consulting firm, today announced it has been selected by Automobile Insurers Bureau of Massachusetts (“AIB”) to assist in the migration of AIB’s existing mainframe systems to a web-based application.
AIB is a private, nonprofit organization representing insurance companies in the setting of automobile insurance rates, rules and forms in the Commonwealth of Massachusetts. It has engaged Edgewater to provide expertise in technical architecture design, project management and business analysis to support the migration of two mainframe systems to a web-based application running on a server-based platform. Edgewater will be working closely with AIB’s project team on the development of the new environment while assisting with the training for the new environment. Edgewater will also establish hardware and software requirements.
“As the insurance space continually becomes more and more competitive, it is apparent that we must be able to provide our staff, members and partners with more robust capabilities in order to better service the Massachusetts insurance industry. By migrating our existing mainframe systems to a more accessible, web-based application, we can not only provide internal resources with a more cost effective solution to conduct business for us, but also support our customers and partners as well,” stated Tom Simon, Vice President of Operations at AIB. “We chose Edgewater for its strong project management and technical experience, deep insurance expertise, willingness to listen to and work with AIB and as well, due to its Massachusetts-based presence.”
“We are pleased to be partnering with AIB on this major initiative,” stated Larry Fortin, VP of Consulting Services and leads Edgewater Technology’s Northern Operations. “By collaborating with the AIB team, we can leverage our expertise to deliver a web-based solution that supports both their near- and long-term business objectives.”
About Edgewater Technology
Edgewater Technology, Inc. is an innovative technology management consulting firm. We provide a unique blend of premium IT services by leveraging our proven industry expertise in strategy, technology and corporate performance management. Headquartered in Wakefield, MA, we go to market by vertical industry and provide our clients with a wide range of business and technology offerings. To learn more, visit www.edgewater.com or call 800-410-4014.
About Automobile Insurers Bureau
Automobile Insurers Bureau (AIB) has over 200 member companies licensed to write automobile insurance in Massachusetts. AIB represents the insurance industry on matters relating to auto insurance by working with state regulators and legislators to ensure that rates are fair, rating plans are not unfairly discriminatory, and that the policies sold in Massachusetts are readable and clear regarding the coverage offered. AIB is supervised by a Governing Committee made up of representatives from their member insurance companies.