St. Paul International Selects Comshare's Web-based Management Planning and Control Solution for 150 Users Across 13 CountriesAnn Arbor, Michian, March 07, 2001 -- St. Paul International, a leading provider of property and casualty insurance in over 100 countries, with revenues of $456 million (312 million GBP), has selected Comshare’s web-based management planning and control solution (MPC) on Microsoft SQL Server. Comshare MPC is replacing The St. Paul’s spreadsheet system. Over 150 users, ranging from product managers and country managers to accountants and actuaries, will have browser access to the central MPC system for planning, budgeting, management reporting and analysis.
“We have over 150 potential users at offices across 13 countries, serving markets in 100 countries outside the US domestic market,” says Keith Tomkins, Chief Actuary, St. Paul International. “We were very impressed with Comshare’s web-based MPC solution because it supports broad deployment across the enterprise with little effort and relatively low cost. Data entry, reporting, analysis and administration are all web-based, and administration costs are reduced because Comshare MPC is loaded only once on the server.”
“Our users typically spend three months writing and underwriting new business for the next year,” adds Keith Tomkins. “After this, the back end processes such as revenue and cost tracking, take six weeks. This is the process we are automating and streamlining with Comshare MPC through improved scenario testing, easy consolidation, and easy production of reports. Previously, producing reports was either impossible or too labor intensive."
“We are extremely pleased that St. Paul International selected Comshare’s web-based solution,” says Nigel Youell, Comshare’s international marketing director. “Information is often seen as a source of power and something that is to be kept and only released when asked. The Web changes this. Critical information needs to be pushed to users to allow them, at any time, to get information and generate analyses on demand. Comshare MPC gives users the information and tools to manage. Without this, their decision-making ability is severely restricted.”
About St. Paul
Today The St. Paul has assets worth over $41 billion and achieves consistently high independent credit ratings for its considerable financial strength and ability to pay claims.
St. Paul International provides a range of property and liability insurance products aimed at hospitals, hospices, clinics and medical services companies; the electronics and other technology related industries; universities and colleges; local authorities; public utilities; the leisure industry; manufacturing companies; the motor trade; the construction industry and allied trades; the transportation industry; the retail sector; and various professions including solicitors, IFAs, advertising agencies and chartered surveyors. St. Paul International Insurance was voted General Insurer of the Year and Underwriter of the Year at the British Insurance Awards 2000. On the Web, visit www.stpaulinternational.com for more information.
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