BOTHELL, Wash., and JERSEY CITY, N.J., October 29, 2007 — AMS Services, a Vertafore, Inc., company and a leader in insurance agency automation, and ISO, a leading provider of risk-related products to the insurance industry, today announced that AMS Phoenix® now has a direct link to ISO products via a network-to-network connection within the Phoenix system.
Mutual customers of ISO and AMS Phoenix will be able to directly access ISO’s LOCATION® services — including Public Protection Classification (PPC™), Building Code Effectiveness Grading Schedule (BCEGS™), FireLine™, Crime Service, and FloodAssist® — and ISO HomeValue™. This connection will improve underwriting results by including risk-specific data and property-valuation capabilities from ISO in the underwriting and rating processes.
AMS Phoenix is a comprehensive policy management system for insurers that allows them to increase productivity by managing policies, claims, and billing. AMS Phoenix automates processes for rating, quoting, issuance, renewal and midterm changes, and customer service inquiry. ISO’s LOCATION provides risk-specific information representing every address in the United States. ISO HomeValue is a web-based property replacement valuation system that provides highly reliable and localized replacement-cost estimates. By creating a link, all data generated by ISO HomeValue or LOCATION is pulled directly into AMS Phoenix. This means AMS Phoenix customers do not have to rekey information or leave the AMS Phoenix system — reducing effort and improving turnaround time.
“We are committed to providing AMS Phoenix carriers with the robust functionality required to apply the latest, most sophisticated underwriting techniques with minimal manual steps,” said Vance Huntley, vice president of development for carrier and enterprise solutions at AMS. “Our business agreement with ISO is an important component of that strategy.”
“ISO is excited about working in conjunction with AMS Services to bring solutions to our mutual clients,” said George Davis, vice president at AIR Worldwide Corporation, an ISO subsidiary. “Providing the added value of underwriting report integration and replacement-cost estimation will enhance our clients’ ability to service their markets more efficiently.”
About AMS Services
Vertafore, Inc., d/b/a AMS Services, is dedicated to helping independent insurance agencies achieve maximum performance and operational efficiency. The business offers comprehensive, insurance-specific solutions for managing critical business activities, including agency management, rating, benefits, performance management, and carrier connectivity. With more than 150,000 users in more than 15,000 agencies, as well as 600 carrier partners, AMS Services is a proven market leader providing the strategy and scalability to help independent agencies, MGAs, and wholesale brokers excel now and in the future. For more information about AMS Services, please visit www.amsservices.com.
About Vertafore, Inc.
Vertafore is a leading provider of specialized software services and information for the insurance industry, delivering solutions to facilitate independent agent productivity and carrier/agent connectivity. Vertafore’s principal operating entities are AMS Services, BenefitPoint, SilverPlume, and ImageRight. AMS Services provides agency software and services to more than 15,000 independent insurance agencies and 150,000 users. BenefitPoint’s Aptus solution is the leading management system solution serving the needs of brokers and agents within the employee benefits arena. SilverPlume is the industry’s leading aggregator of insurance reference content for risk analysis and underwriting support. ImageRight is a market leader in insurance-specific document management and workflow solutions. For more information on Vertafore and its operating entities, please visit www.vertafore.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. 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.