American International Technology Enterprises, Inc. (doing business as AIG Technologies), a member company of American International Group, Inc. (AIG), announced that its Web-based Automobile Liability Insurance Reporting (ALIR) system has expanded into a national program.
AIG Technologies’ (AIGT) ALIR system provides insurance carriers nationwide with the ability to electronically report personal and commercial automobile insurance verification and cancellations. The program is reportedly tailored to comply with individual state requirements and is customizable to meet a company’s specific reporting needs.
“ALIR helps insurers avoid state penalties and fines for non-compliance,” said Paul Madarasz, president, AIGT. “These penalties are a costly problem for companies operating in jurisdictions that legally require insurers to report automobile liability verification and cancellations to state agencies through the use of Electronic Data Interchange (EDI).”
In addition to helping automobile underwriters comply with state regulations, AIGT’s ALIR program is reportedly designed to streamline processes while increasing the speed and accuracy of the reporting procedure. The program enables direct communications with each state’s Division of Motor Vehicles (DMV) on behalf of the insurer to verify that data meets reporting mandates. This is managed through a Web-based “Error Correction Facility,” which reconciles returned transactions, allows errors to be reviewed and corrected and resends transactions to the DMV.
Other features of the program include industry standard point-and-click capabilities, online help documentation on every screen, and drop down boxes that display options in easy to understand descriptions.
The AIGT ALIR system requires only Internet access and a browser, with no installation or maintenance. Leveraging AIGT’s application hosting model, insurers, in most instances, can go live with the system in just a few days and expand to other states as their business needs dictate.
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