Hermitage Insurance Co., White Plains, N.Y., will implement the ISO Rating Service to handle its core rating processes. In addition to streamlining rate management and reducing rating maintenance and insurance program development costs, the component-based ISO Rating Service from Jersey City, N.J.-based ISO Insurance Technology Solutions will enable Hermitage to develop and integrate a custom-built quoting front-end without having to replace its existing policy management system. A single rating solution for all business lines enables Hermitage to replace a legacy environment with responsive, customizable rating technology for ISO programs. By using XML in conjunction with the company's IT and integration expertise, Hermitage can streamline its quoting process and remain current with ISO programs.
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