JERSEY CITY, N.J., Sept. 5, 2003 — Insurance Services Office, Inc. (ISO) announces it will provide workers' compensation injury-reporting services in all 50 states.
Using Bridium Inc.'s Electronic Data Interchange (EDI) technology, ISO will submit First Report of Injury (FROI), Subsequent Report of Injury (SROI) and Medical Payment (MED) reports from workers' compensation insurer-customers to state industrial accident boards that accept electronic filings. For jurisdictions that do not accept reports in electronic format, ISO will convert customers' FROI, SROI and MED reports to paper.
ISO also will manage preproduction testing of injury reports for its customers, perform data analysis and maintain customer profiles. ISO will provide system setup, training and technical support for customers while maintaining their technology infrastructures.
"By automating the injury-reporting process, customers will eliminate redundancies in costs and streamline their workflows underlying this critical line of insurance," said Carole J. Banfield, ISO's executive vice president. "Bridium's technology will complement ISO's proven expertise in data management," she added.
"We're pleased to ally with ISO because of their leadership reputation in insurance data management. Our technology infrastructure complements ISO's expertise to reduce the burden workers' compensation carriers face in workers' compensation administration in all 50 states," said Steve Isaac, chief executive officer of Bridium.
Bridium, of Atlanta, Georgia, is a leading national technology firm offering custom services and proprietary solutions for the insurance industry. Bridium's services include claim management applications, managed care applications, browser-based web-enablement solutions, integration of legacy systems, workflow automation, compliance reporting, e-commerce, decision support, and document imaging and management solutions for the insurance industry. Bridium is a subsidiary of CyberStarts, a technology holding company based in Atlanta.
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 data, analytical and decision-support products; consulting; data processing; and technical, statistical and actuarial services. ISO field services include on-site rating and underwriting services and the evaluation of community loss-mitigation efforts. ISO's products help customers with sales and prospecting, underwriting, rating and quoting, customer management, policy administration, product development, claims administration and fraud detection. ISO's AIR Worldwide subsidiary provides technologies to assess and manage natural and man-made extreme-event risk. Through its ISO Claims Services, Inc. (iiX unit) and Intellicorp subsidiaries, ISO provides motor vehicle reports and criminal-records information and through its AscendantOne unit delivers rating, quoting and policy-administration solutions. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, insurance regulators and other government agencies.
Marc Schwartz (Bridium)