Insurance Services Office (ISO) to Deploy InSystems Integrated Document Automation and Compliance Solution

Software to Automate Core Business and Accelerate Time to Market

Markham, Ontario, September 30, 2002 — Insurance Services Office, Inc. (ISO), a leading source of information, products and services related to property and liability risk, has signed a license and services agreement with InSystems, a leading provider of e-business solutions to financial services organizations, for an integrated document management/compliance automation solution.

The integrated solution combines InSystems Calligo for enterprise document automation and InSystems Tracker for enterprise compliance automation. By deploying the solution, ISO will have the ability to streamline its workflow from product development to product delivery. This fully integrated solution will enable ISO to create, modify and deliver products such as state-approved policy forms and endorsements via the Internet, other electronic channels, and on paper; implement new business strategies quickly; and speed time to market.

By deploying the InSystems solution, ISO will be able to:

  • provide single-source access to document and filing-status information by all authorized users
  • achieve productivity gains through a reengineered workflow
  • improve data integrity and security, and
  • eliminate redundancies

"We selected the integrated offering from InSystems because its workflow-driven solution aims at streamlining our process from end to end," said Domenick J. Yezzi, Jr., ISO's vice president for Specialty Commercial Lines. "InSystems' solution is designed to provide a seamless process based on a centralized hub, eliminating multiple document handoffs and redundancy between the product development and state-filing process," he added.

About ISO
Insurance Services Office, Inc. (ISO), www.verisk.com/iso, is a leading source of information, products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; information about specific locations; fraud-identification tools; and data processing. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, insurance regulators and other government agencies.

About InSystems
InSystems is the premier provider of insurance portal software and a leading provider of document automation solutions. Only by using InSystems e-business software can financial services organizations deliver web-based personalized sales, fulfillment and service capabilities across all of their relationships, boosting efficiency, decreasing costs, improving service and increasing revenues. Founded in 1989 and based in Toronto, Canada, InSystems, a wholly owned subsidiary of Standard Register, www.standardregister.com, has more than 350 insurance customers in 24 countries, including over 50 of the largest insurance groups in North America and over 55,000 life insurance agents and agencies.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com / ehelton@mww.com

Janet Bendon Fabri, APR(InSystems)
905-513-1400 ext 3349
jbendonfabri@insystems.com