Stingray
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March 2010
 
Maximum Processing and First Advantage ADR Form Alliance
Stingray System functionality to include interfaces to ZapApp and Motor Vehicle Reports
 
Bradenton, FL - March 2, 2010 - Maximum Processing, developers of The Stingray System, a fully functional Web based property and casualty insurance administration solution, today announced a new alliance with First Advantage ADR, a leading national provider of driving record data. The alliance will result in the integration of The Stingray System with First Advantage ADR's ZapApp and Carrier MVR applications to provide Maximum Processing clients with more comprehensive underwriting resources.

"In order to continue improving straight-through processing capabilities and to facilitate accurate underwriting decisions, carriers require real-time information, such as motor vehicle reports," says Sean Pitcher, president and Chief Executive Officer of Maximum Processing. "The Stingray System has addressed this problem by integrating with the systems of various vendors-and now, First Advantage ADR-to provide critical underwriting information as part of our Web based administration solution," explains Pitcher.

First Advantage ADR's ZapApp offers a way to standardize electronic applications for underwriting purposes from agents to carriers with one of the most widely used underwriting tools in the industry today. ZapApp is used extensively by carriers in over 3,500 agent outlets in multiple lines, including auto, home and commercial auto, to produce, print and transfer data for over $100 million in property and casualty premiums.

With Carrier MVR, when an insurance agent orders a motor vehicle report (MVR) for underwriting purposes, the MVR is electronically and expeditiously delivered to both the agent and the underwriting carrier, speeding up the process and eliminating the need for the carrier to order another report. First Advantage ADR Director of Sales Robert Scholtz notes, "Carrier MVR represents a fundamental shift in processes and an impressive gain in efficiency for our clients. Insurance carriers are readily allocating resources to adopt this product because of the considerable hard and soft gains they can realize immediately upon implementation."

"Maximum Processing is committed to continually improving the functionality of The Stingray System, providing carriers with the best of both worlds, the latest features and the ability to provide their underwriters and agents with straight-through processing," continued Pitcher. "This alliance with First Advantage ADR strengthens our ever-growing commitment to Stingray's users."

The Stingray System is a policy, billing, claims and reinsurance administration system that provides workflow, imaging and many third party interfaces, including Credit Card, General Ledger, Comparative Raters, CLUE, bureau stat reporting, business intelligence and others. It comes with consumer and agent portals as well a full point-of-sale system.
 
 
 
 
About Maximum Processing
Maximum Processing offers Stingray, a modular browser-based, property and casualty solution for Policy (quoting, rating, issuance), Billing, Claims and Reinsurance administration along with statistical bureau, DMV, Imaging, Credit Card, General Ledger, Comparative Raters, CLUE reporting and many other third party interfaces. Maximum Processing is a privately held company headquartered in Bradenton, Florida with offices in Raleigh, North Carolina. For more information click on the links located on the top left side of this page "Contact Us"
 
About First Advantage ADR
First Advantage ADR, a wholly-owned subsidiary of First Advantage Corporation, is focused on delivering a variety of services to companies that rely on information to keep employees and customers behind the wheel. With driver record data and vehicle record data availability in all 50 states, Washington, D.C., Puerto Rico, the U.S. territories and Canada, First Advantage ADR also supports the underwriting and screening needs of insurance agencies, insurance carriers and other companies. More information about First Advantage ADR is available at www.FADVadr.com. First Advantage Corporation provides innovative products and services that mitigate risk by helping businesses, non-profit organizations and government agencies make more informed decisions. Headquartered in Poway, California, the company has employees in 13 countries that support over 90,000 clients globally. More information about First Advantage is available at www.FADV.com.
 

FOR ADDITIONAL INFORMATION:
Michael V. Vaccarello
Vice President, Sales & Marketing
Maximum Processing
610 457-5457
MVaccarello@MaxProcessing.com

 
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