JERSEY CITY, N.J., December 4, 2007 — ISO Insurance Technology Solutions (ISO-ITS) today announced that Amerisure Mutual Insurance Company has become the first company to fully integrate ISO Rating Service® into its policy administration system.
Amerisure implemented ISO Rating Service for commercial auto in all ISO-supported states to process quotes and policies, as well as endorsement and renewal transactions.
ISO Rating Service is a comprehensive, automated insurer rate-management system using a combination of advanced technology and product-management tools. Through a powerful rating engine combined with insurer-controlled rate-management decision tools, the system provides insurers with advisory information and continual ISO updates.
“We’re looking forward to using ISO Rating Service to help streamline our rate/quote and service processes, enhance our rate-maintenance workflows, and improve performance,” says Debbie Szmagaj, vice president of Application Services at Amerisure. “The shortened turnaround time on our rate revisions and compressed product-implementation time frames are other benefits.
“In mid-2008, we plan to implement general liability in all states and inland marine and crime in late 2008, with commercial property and commercial package to follow in early 2009,” adds Szmagaj.
“ISO Rating Service provides an efficient process for adopting, managing, and implementing ISO insurance program revisions,” says John Joly, chief operating officer, ISO Insurance Technology Solutions. “By implementing ISO Rating Service, Amerisure will be able to reduce the expense and effort associated with administering disparate processes and resources, establish a market-responsive environment, increase sales and service productivity, and improve the competitive advantage of its products among distributors and policyholders.”
About Amerisure Mutual Insurance Company
Amerisure Mutual Insurance Company is a regional property and casualty insurance group with more than nine decades of experience insuring American businesses. Amerisure services manufacturing, construction, and commercial enterprises through strategically located Core Service Centers in the midwestern and southern United States. For more information, visit www.amerisure.com.
About ISO Insurance Technology Solutions
ISO Insurance Technology Solutions (ISO-ITS) delivers ISO Rating Service and the browser-based quoting/underwriting and policy-administration platform of AscendantOne®. The scalable, tool-based components of ISO-ITS let insurers cost-effectively and rapidly deploy property/casualty programs, automatically manage rates, conduct rules-based underwriting, perform online quoting, and administer full policy life cycles.
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. Clients use ISO’s databases and services to classify and evaluate a variety of risks and detect potential fraud. In the United States and around the world, ISO’s services help customers protect people, property, and financial assets.