Expansion of SurePower Innovation Implementation Enables Geographic Diversification and Growth for Madison Mutual Insurance Company
San Jose, CA - November
is pleased to announce Madison
Mutual Insurance Company (Madison Mutual) has expanded an existing implementation of SurePower
Innovation®, a cloud-based, modern enterprise suite designed specifically for
personal, commercial and specialty lines property and casualty (P&C)
insurance companies, as part of an enterprise-wide growth initiative.
Madison Mutual is a regional provider of auto,
home, farm and umbrella insurance policies, historically serving policyholders only
in Illinois. Madison Mutual recently sought geographic expansion into Wisconsin
and Missouri and knew the flexibility of SurePower Innovation and ISCS's
prescribed agile project management methodology would enable rapid
configuration and concurrent development testing.
"The state expansion did not interrupt our ability to
conduct business," said Ken Somogyi, Director of IT for Madison
configurability of SurePower Innovation has also allowed us to quickly make
changes once we find necessary changes from our production experience. And our
partners at ISCS were there with us every step of the way."
Prior to Madison Mutual's original implementation
of SurePower Innovation, the company's existing core administration system
required a very hands-on approach and manual underwriting. Built using
pre-integrated, yet modular, components to automate core administration (policy,
billing and claims), ISCS's
SurePower Innovation streamlines critical processes, helps to create a more
customer-centric environment, lowers operational and system maintenance costs,
and provides greater ease of doing business through self-service opportunities and
portals for agents, employees and policyholders. With SurePower Innovation in
place, Madison Mutual achieved an 80-percent straight-through processing (STP)
goal within six months.
as consumer demands change, the needs of personal lines insurers such as Madison
Mutual change," said Andy Scurto, president of ISCS. "At ISCS, we are
constantly working to stay ahead of the market in terms of technology needs and
functionality, and that work ensures that we, and our customers, stay
competitive today and into the future."
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ISCS is the developer of SurePower Innovation®, a
highly scalable, configurable, cloud-based modern enterprise suite that
mitigates risk and increases business agility for property and casualty
(P&C) insurance organizations writing personal, commercial and specialty
lines. SurePower Innovation extends beyond core administration (policy, billing
and claims) to include reinsurance, business intelligence (BI), insurance
accounting, payables, document management, producer/commission management,
agent/consumer portals and more. With a 100% proven implementation track record
on enterprise core system replacement projects, ISCS consistently delivers
SurePower Innovation as a complete, managed SaaS solution via ISCS's
option, allowing insurers to focus on the business of insurance. For more information, visit the
company website at www.iscs.com.