Q.KNOW DEMONSTRATES HOW TECHNOLOGY IS PROVIDING COMPANIES COMPLETE INFORMATION TRANSPARENCY
– Breakthrough Solution Addressing Insurance Industry Concerns for Audit Control and Information Management –
RESTON, Va. – November 1, 2004 – Q.Know Technologies, a global provider of information management software, took center stage the last few weeks to address some of the insurance industry’s most challenging concerns about complete information visibility. The company offered insight on technology’s role and the software solutions that their customers are implementing to bring order to electronic information in underwriting processes and business communications, in general.
Addressing the Property and Casualty Industry’s (PCI) Annual Conference in Washington, D.C. (October 24-26), Vineet Kalucha, Q.Know President & CEO told the PCI Reporter, "Today, software is available to help companies manage the underwriting process to minimize the probability of mishaps and make the whole underwriting process more transparent. Nothing can prevent intentional fraud, but Q.Know, for example, is the first solution to file and manage information across all applications in such a way that it creates distinct audit trails on every information object, thus making accountability much easier."
A few of the insurance companies using Q.Know include Renaissance Re (NYSE: RNR), Arch Reinsurance (NASDAQ: ACGL) and Aspen Reinsurance Limited UK (NYSE: AHL).
For companies like these, Q.Know creates "electronic deal files" or shared work spaces where electronic information is automatically filed from the desktop and/or Inbox of all relevant users into a single repository for organizing and retrieving. This offers managers and senior executives total visibility into deal pipelines, activity status and business communications, including deal- and project-related e-mail.
Presenting at A.M. Best’s E-Fusion conference in Baltimore (Oct 17-19), Q.Know Vice President of Product Steve Drill told attending technologists, "It’s not your fault that you can’t solve today’s information overload problem. The existing filing architecture is flawed – and has been for more than 30 years. It’s a single-dimensional folder system that requires users to constantly remember where they have placed hundreds of files and thousands of e-mails – a method that is counter-intuitive to the way people really think and work."
Q.Know demonstrated how they have solved the problem of managing unstructured electronic information with a patented multi-dimensional associative filing solution that automatically files and organizes electronic information based on relevant attributes and associations according to "people, product, activity, time and place." This allows the user to instantly and accurately retrieve all electronic documents and e-mail according to one or all of these categories.
Since Q.Know’s official product launch in June 2004, the company has received tremendous interest and enthusiasm from the insurance and financial industry as evidenced by its robust client list. For more information, visit www.qknow.com.
Q.Know Technologies, Inc. solves one of the most challenging problems in desktop computing – the ability to effectively and accurately manage today’s massive amounts of electronic information. Q.Know’s patented Associative Filing Model enables users to automatically file and organize information for sharing, regardless of application, while eliminating costly server overload. With Q.Know, companies have complete access to data resulting in real-time deal visibility, enhanced regulatory compliance and improved customer satisfaction. Integration with existing applications such as Microsoft® Outlook® ensures ease of use and rapid implementation. For more information, please visit www.qknow.com.
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