JERSEY CITY, N.J., September 20, 2016 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, announced today the transfer of Circular Authority for Insurance from SAP to Verisk. Circular Authority for Insurance is a cloud-based analysis solution designed to help insurers better manage ISO content, with tools to visualize, compare, and analyze updates.Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.
“Circular Authority for Insurance software will help insurers plan, implement, and track our filings with state regulators, and stay informed on the latest insurance topics,” said Beth Fitzgerald, president of ISO Solutions, a Verisk Analytics business. “It’s a natural extension to the thousands of industry-standard circulars we issue each year, and we’re confident it will add value and functionality for our customers. We intend to leverage the capabilities of the ISO Electronic Rating Content (ERC) Suite with Circular Authority for Insurance.”
Circular Authority for Insurance will become part of ISO Rating Solutions, which supports ISO’s ERC product. Verisk and SAP are collaborating to seamlessly transition all existing Circular Authority for Insurance customers to ISO.
“The integration of Circular Authority for Insurance will bring tremendous value to Verisk Insurance Solutions customers, including leading U.S. property/casualty insurers,” said David O’Malley, general manager and senior vice president, Financial Services, SAP Americas. “With access to faster and easier circular tracking and analysis in the cloud, Verisk’s customers can make decisions about their business more precisely and efficiently.”
About Verisk Insurance Solutions
A Verisk Analytics (Nasdaq:VRSK) business, Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. Drawing upon unique data assets and deep domain expertise to provide innovative solutions that are integrated into customer workflows, Verisk Insurance Solutions includes the industry-leading brands of ISO, AIR Worldwide, and Xactware. Around the world, Verisk Insurance Solutions helps customers protect people, property, and financial assets. For more information, visit www.verisk.com/insurance.