COLLEGE STATION, TX, May 23, 2005 — ISO's Insurance Information Exchange (iiX) unit, a leading provider of insurance underwriting information, has signed an agreement to integrate its suite of underwriting products with Modotech's web-based Internet Solutions for Insurance (ISi). Modotech is a leading provider of Internet solutions to the insurance industry.
Under the agreement, insurers can access iiX's underwriting solutions through Modotech's ISi policy-processing solution. ISi is a comprehensive insurance policy and claims-processing system that provides an array of rating and policy services.
By integrating iiX products, including A-PLUSTM auto and property claims histories, credit scoring, motor vehicle reports (MVRs) and driver monitoring services, ISi complements its services to off-site and in-house carrier employees, agents and policyholders. iiX products provide carriers and agents with critical auto and property underwriting reports, most of which are available instantly.
ISi offers rating, policy issuance, billing, claims management, reinsurance and accounting services. These services allow agents to perform a range of functions, including quoting and binding applications, uploading digital pictures, viewing reports and entering payments over the Internet without any special software. In addition, customizable screens allow ISi users to add drop-down lists, control screen layouts, define fields, design mail-merge letters and control user access.
"As insurers demand more critical data from multiple sources, iiX is committed to working with other solutions providers like Modotech. Using a single access point, insurers will now be able to obtain underwriting reports from us and more easily manage their policy and claims-processing functions," said Sean Quillivan, iiX general manager.
"In today's insurance environment, carriers and agents who can access critical decision-making information quickly and easily have a distinct competitive advantage," said Christopher P. Maher, FCAS, president of Modotech. "Our relationship with iiX allows them access to important underwriting information in real time, giving our clients an edge over their competition."
Modotech is an innovator in insurance-processing systems, specializing in new technologies that increase efficiency of operations. Modotech combines software development experience with backgrounds in actuarial science, insurance company IT department management, insurance agency operations and insurance accounting to create products for the insurance industry that reflect a deep understanding of company needs. For more information, please visit www.modotech.com.
A member of the ISO family of companies, iiX is a premier provider of motor vehicle records to insurance professionals and employers. iiX also offers an assortment of underwriting reports to the insurance industry, as well as an array of employment screening services to the employment marketplace. Reports are available to customers through a variety of methods, including ExpressNet, an easy-to-use web-based solution. For more information, please visit www.iix.com.
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Professionals use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets.