RADNOR, Pa., and JERSEY CITY, N.J., November 16, 2009 — Unirisx Ltd., the leading global software-as-a-service (SaaS) provider of insurance and healthcare services, today announced the integration of ISO Rating Service® into the Unirisx platform through an agreement with ISO.
Under the terms of the agreement, Unirisx becomes the first SaaS provider to fully integrate and offer ISO Rating Service, the industry-leading automated insurer rate-management system. Unirisx clients will benefit from significant efficiencies through full and direct electronic delivery of the service, avoiding potential delays and errors using alternate solutions. Unirisx also becomes a member of ISO’s Preferred Partner program, which certifies full integration and the ability to offer the service to Unirisx clients.
“The direct availability of ISO Rating Service through Unirisx’s web-based policy-administration platform further enhances a client’s ability to make faster policy-development, underwriting and pricing decisions,” said David Hollander, Unirisx CEO. “This agreement makes Unirisx even more attractive to North American insurers seeking real-time access to policy processing and management through Unirisx.”
Kevin Thompson, senior vice president at ISO, said the company was pleased with the speed and ease of access to the rating service through Unirisx’s integration. “We’re confident that Unirisx users will find easy access to the ISO Rating Service information and tools they need to make informed premium and risk decisions,” he said. “Making ISO Rating Service automatically accessible through premiere platforms such as Unirisx is a real benefit.”
Unirisx is the leading low-cost provider of SaaS-based solutions to the insurance industry. The Unirisx policy solution gives insurers the ability to rapidly launch new products in new markets through new and existing distribution channels. Its straight-through processing eliminates errors from manual processes, reduces costs, and manages products efficiently across multiple distribution channels — in real time. In most cases, Unirisx is implemented in 45 to 60 days. For more information on the integrated ISO service, or to schedule a meeting at ISOTECH 2009, please contact Frank May, Unirisx sales director-North America, at firstname.lastname@example.org.
ISO Rating Service® is a comprehensive, automated rate-management system featuring a powerful combination of advanced technology and product-management tools. Clients receive ISO advisory information loaded into a powerful rating engine — plus rate-management decision tools and continual ISO updates.
ISO, a Verisk Analytics subsidiary, is a leading source of information about risk, providing data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.
Unirisx’s SaaS-based Policy Administration Solution is designed to rapidly launch new products, create broader distribution networks and manage the full policy lifecycle in real time. The service requires no software to install or hardware to buy, dramatically reducing upfront and maintenance costs. Unirisx is fully configurable and customizable for any language, currency and insurance product. Headquartered in the United States, Unirisx services over 50 lines of business in 19 countries and 25 languages. For more information, please visit www.unirisx.com.