ELEVA, WI, and COLLEGE STATION, TX, May 16, 2005 — MI-Assistant, a unit of Fiserv, Inc. (NASDAQ: FISV), and Insurance Information Exchange (iiX), a unit of ISO, announced today the release of report-ordering functionality between MI-Assistant's MI Comparative Rater and iiX for agents throughout the upper Midwest.
MI Comparative Rater is used by independent agents throughout Illinois, Indiana, Iowa, Minnesota and Wisconsin. The alliance between iiX and MI-Assistant allows agents to obtain crucial underwriting information while accessing MI Comparative Rater's user-friendly environment.
Scott A. Deetz, president of MI-Assistant, said the new integration will allow independent insurance carriers working through iiX to utilize a more efficient workflow while quoting a customer. iiX is used by a variety of the carriers that write business for MI-Assistant customers.
"Having more than one option available to agents will make it easier to provide a quote to the client," said Deetz.
"iiX is excited about the opportunities MI-Assistant brings to the table," said Sean Quillivan, iiX general manager. "Offering the added value of rating and underwriting report integration will enhance our customers' ability to service their clients more efficiently."
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, 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.
MI-Assistant, a unit of Fiserv, Inc., is located in Eleva, Wis., with a staff of more than 75 employees dedicated to developing, testing, maintaining, supporting and distributing solutions to the independent insurance industry.
Fiserv, Inc. (NASDAQ: FISV) provides information management systems and services to the financial and health-benefits industries, including transaction processing, outsourcing, business process outsourcing, and software and systems solutions. The company serves more than 16,500 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.