Verisk has launched an application programming interface (API) for Mozart Form Composer®, ISO’s forms management tool and product development platform.
Many insurers use a large number of proprietary and ISO forms to develop policy language, with forms and endorsements often stored in multiple systems. Mozart® helps insurers develop, draft, and edit customized insurance contracts with more speed and efficiency.
The new API enables insurers to easily integrate Mozart with their in-house or vendor applications, facilitating connections from Mozart to internal insurer systems and third-party vendor systems throughout the insurance policy life cycle.
This capability allows Mozart clients to have a single repository of their policy language, minimizing the challenges many insurers face today around version control and out-of-date policy language by having copies of their forms and endorsements in multiple systems.
The API also offers a number of key features, including the ability to download ISO forms individually or in bulk and perform custom searches for forms based on line of business, U.S. state or territory, and document text.