ISCS Releases New Solution for Professional Liability Coverage
San Jose, CA - May 22, 2009 - ISCS, the leading provider of property and casualty insurance policy automation solutions, is pleased to announce its newly developed professional liability lines product as an addition to the standard feature set of SurePower Innovation, ISCS's comprehensive, SOA-based insurance technology solution.
Chad Hersh, principal for Novarica, one of the insurance industry's leading consulting firms, noted, "As carriers continue to look to core systems replacements in record numbers to help them achieve speed-to-market, one of the key elements many of them look at is how quickly they can get lines up and running. The more lines a solution offers 'out-of-the-box,' the faster the implementation can be completed-and at a lower risk of failure, as there are fewer unknowns to worry about."
"Professional liability presents innate challenges to automate completely," said Andy Scurto, ISCS president. "Unlike the few solutions available, most of which deliver only partial automation, our product meets those challenges, delivering full automation, efficient pre-integration with the entire system, and optimal productivity gains."
Rollout Professional Liability Lines Quickly
Insurance carriers and even risk retention groups (RRGs) can quickly and fully automate sales and support of professional liability coverage for the following customers:
The offering includes malpractice, fiduciary and other coverages that can help carriers grow business while reducing expenses.
Benefit from Pre-integrated Insurance Automation
The new offering complements ISCS's automation of commercial package policies, business owners' policies (BOP), commercial auto, personal auto, homeowners and umbrella. SurePower Innovation's ability to support all lines of business on a single system is rare in the industry, providing administration and IT efficiencies, easy cross-company reporting, and enforcement of consistent company requirements- across all lines and products.
ISCS's property/casualty insurance company clients rely on ISCS to automate critical business processes, including underwriting, policy and claims management, reinsurance, billing and more. The SurePower Innovation customer base is growing steadily, due in part to ISCS's commitment to continual product development and how the results address today's market needs.
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San Jose, Calif.-based ISCS offers SurePower Innovation® an SOA, Web-based policy and pre-integrated automation system that includes Personal, Commercial, and Specialty lines underwriting, policy management, claims management, reinsurance, customer billing/remittance processing and financial reporting, all with integrated document management. SurePower Innovation includes a rules-based data warehouse and document imaging client tool for broad indexing and LDAP-standards security.
For more information: contact Phil Kiekhaefer, Director of Marketing & Usability, at 1-800-901-ISCS, firstname.lastname@example.org or visit www.iscs.com.