Ease of Implementation Smoothes the Transition for West Coast Insurers to ISO's Property Valuation Solutions.BOSTON -- West Coast-based insurers Capital Insurance Group (CIG CIG Ceiling (height above ground level to base of clouds) CIG Conference Intergouvernementale (French: Intergovermental Conference) CIG Conservation Innovation Grants (USDA NRCS) ), Civil Service Employees Insurance Group (CSE (Certified Systems Engineer) See Microsoft certification. ), and Merced Mutual Insurance have implemented ISO's property valuation solution--ISO HomeValue[TM]--to better estimate the cost to re-build a property in the event of a total loss. As a web-based residential replacement cost estimator, ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. HomeValue was easily incorporated into each insurers underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. . "We were impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by the speed with which we were up and running with ISO HomeValue," said Frank Querques, senior vice president of insurance operations at CSE. "Within a matter of three weeks our agents were accessing ISO HomeValue directly from our agency portal. ISO HomeValue even lets us manage the addition of new agents. Even better, building cost data is updated automatically, over the web. This is a significant improvement over the laborious la·bo·ri·ous adj. 1. Marked by or requiring long, hard work: spent many laborious hours on the project. 2. Hard-working; industrious. process required by our previous provider, which meant mailing out CDs to every agent for every update." To meet the varied business and information technology needs of insurers, ISO's solutions for property valuation provide a complete range of implementation options--from simple web links to fully customized web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. integrations. In many cases, an insurer that wants a more integrated solution will start with a simple option to derive immediate value. "We needed to get up and running quickly, so we decided to have our agents log in to ISO HomeValue using a simple web connection," said Penni pen·ni n. pl. pen·nis or pen·ni·a See Table at currency. [Finnish, possibly from Swedish penning, from Old Norse penningr.] Noun 1. Lockard, underwriting and systems manager at Merced Mutual. "Now, we are in the process of completing a more complex web services integration. This will enable our agents to access ISO HomeValue's replacement cost estimates without even leaving our system, further streamlining their underwriting workflow and reducing the potential for data entry errors." ISO designed its implementation options with the insurance agent in mind. Insurers have the option to set up a process whereby property information already captured in the company's quoting system will automatically populate To plug in chips or components into a printed circuit board. A fully populated board is one that contains all the devices it can hold. ISO HomeValue's data fields. Similarly, data from ISO HomeValue can be fed back into the company's system. This significantly reduces duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. data entry, enabling agents to work faster with fewer errors. Since most new clients change to ISO HomeValue from a previous provider, ISO places a great deal of emphasis on ease of transition. "We wanted the transition to ISO HomeValue to be painless pain·less adj. Free from complication or pain: a painless operation. pain  less·ly adv. for
our agents and underwriters," said Vinnie Ascoli, personal lines
manager at CIG. "ISO HomeValue's knowledgeable technical
support staff worked with us to customize ISO HomeValue to fit our
needs. The responsiveness of the ISO HomeValue team has made the
experience extremely positive for us."
About Capital Insurance Group Founded in 1898, Capital Insurance Group[R] (CIG) proudly enjoys a reputation for providing more than 100 years of excellent service and quality products to its customers. Rated A ( Excellent ) by A.M. Best, CIG offers a wide range of personal, commercial, and agricultural insurance products through independent and franchise agencies in the states of California, Nevada, and Oregon. Agricultural and commercial insurance programs are also available in Arizona. For more information about CIG or to locate an agency near you, visit www.ciginsurance.com. About Civil Service Employees Insurance Group Based in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Civil Service Employees Insurance Group (CSE) is a western regional company that has focused its business on quality protection, affordable rates and long-term relationships with its customers since 1949. Its wide range of products, including automobile, home, liability, boat and commercial packages are sold to civil servants and the general public through independent insurance agents in California, Arizona, Nevada and Utah as well as through its direct marketing center. For more information, please visit www.cseinsurance.com. About Merced Mutual Merced Mutual Insurance Company is a residential property specialty company operating exclusively within the Central Valley of California by marketing its products through the independent agencies located throughout the territory. Just recently, Merced Mutual celebrated its 100th anniversary. The company looks forward to continued growth with the assistance of today's technological tools and products, including ISO HomeValue. About ISO HomeValue ISO HomeValue is an award-winning residential replacement valuation system that enables insurers and their agents to make reliable estimates of the replacement cost of residential properties in the event of a total loss. ISO HomeValue can improve insurers' underwriting profitability by helping to ensure policies are written to reflect full replacement value. ISO HomeValue can be integrated with virtually any underwriting or policy management system, as well as with a wealth of data sources from ISO. When integrated with AIR Worldwide's catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). models, ISO HomeValue enables insurers to assess the catastrophe risk of individual properties at the point of underwriting. Recognized with an A.M. Best E-Fusion Award for underwriting management, ISO HomeValue was developed by AIR Worldwide Corporation, a subsidiary of ISO. For more information, please visit www.isohomevalue.com. |
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