Insurance Systems Inc (ISI), a provider of web-based enterprise solutions for the property/casualty insurance, has enrolled in ISO's Rating Service Member Program, which will integrate ISO content with the ISI Enterprise policy administration suite.
Through this relationship, ISI now offers insurers a fully integrated modern policy administration suite including ISO Rating Service, which is ISO’s automated rating solution.
While, ISO Rating Service allows ISI to gather and implement ISO product information electronically, reducing time and cost for carriers.
According to the ISI, its Enterprise is a fully integrated policy administration suite that allows carriers to manage all lines of business on a single platform, including policy administration, agency portal, billing, claims, reinsurance, accounting, and business intelligence.
The Configuration Studio within ISI Enterprise will handle the automatic import and update of ISO content and also allows for implementation of carriers’ products, rates, rules, forms, and other system settings without the need to modify source code during an implementation, Insurance Systems said.
ISI claims that it offers carriers the flexibility to host and maintain the solution internally or the option of selecting a Software-as-a-Service (SaaS) delivery model including product and rate maintenance.