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Issue: 2006-03-23 ISO, InsureWorx Deliver Comprehensive Solution to WC CompaniesJERSEY CITY, N.J, and OAKLAND, Calif., March 23 – ISO and InsureWorx have announced an alliance to integrate ISOs Workers Compensation Information Services (WCIS) solution modules with the policy and claims administration software applications from InsureWorx, according to the companies. Under the agreement, customers of ISOs workers compensation products and the InsureWorx PowerComp offering will be able to access and exchange policy and claims data seamlessly between the two companies applications. ISO asserted that the combination of InsureWorxs workflow processing software with ISOs data management and analytic tools will provide workers compensation carriers with a more comprehensive end-to-end solution. We are very pleased to have Insure-Worx as a strategic ally, said Carole J. Banfield, ISO executive vice president of information services. By joining forces with InsureWorx, the advantages of ISOs Workers Compensation Information Services will reach more customers. InsureWorxs workers compensation customers can now benefit from ISOs single-flow data-stream management of workers comp policy and claim information for regulatory review, strategic analysis or decision support. Gary Sherne, InsureWorx president and CEO, said, By teaming up with ISO to integrate our respective products, we look forward to offering even greater value to our workers compensation clients. ISO has been a great company to work with, and we look forward to continuing to deliver on our shared goal of providing well-integrated end-to-end insurance processing solutions. ISO said that WCIS offers an array of workers compensation data management solutions to insurers, including transactional data reporting, premium and loss information corresponding to unit statistical report requirements, proof of coverage, financial data calls, management reporting system, and first and subsequent reports of injury. |
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