Novarica’s industry report, based on a survey of insurers using ISO circular content, compares how the time and costs of handling ISO changes differ depending on whether a carrier is using a traditional manual process or a newer electronic process.
Among the most revealing results were, that when using electronic means, insurers have realized, on average:
- 39% reduction in overall work hours
- 58% decrease in work time for IT modifications
- 38% decrease in overall cost
- 7 month improvement in being current with ISO
Fill out the form on the right to get your copy of the report, ISO Support: A Comparison of Manual and Electronic Practices — and find out how electronic processes are helping insurers keep up with ISO.