Insurity Inc., a Hartford, Conn.-based technology firm, has introduced a browser interface for its rating and policy-issuance product, Commercial Intellisys. The interface enables Commercial Intellisys to run from almost any workstation and via any network connection, including dialups, according to the company. Insurers have the option of extending the interface to producers, with varying degrees of functionality.Users of Automobile-Property Loss Underwriting Service (A-PLUS), the loss-history underwriting service from Jersey City, N. J.-based Insurance Services Office Inc., can now order and retrieve information through ISO Passport, ISO's new Internet-based delivery system. A-PLUS provides underwriters with access to five years of claims information on losses due to all perils. The A-PLUS property database contains data from nearly 1,180 companies, representing 88% of the industry, and 30 state-sponsored and FAIR programs.
Toronto-based Castek Software Factory Inc. announced Insure3 Claims, the claims-processing addition to Castek's Insure3 product suite for property/casualty insurance. Designed to help insurers improve loss ratios and achieve multipoint returns to their bottom lines, Insure3 Claims can be used as a standalone claim-processing system or be integrated with Castek's Insure3 Policy product.
Marshall & Swift//Boeckh, Hawkins, Texas, released a claims communication data management system, the Administrator, which analyzes property claims severity, measures trends that affect overall productivity, and is a resource for identifying and analyzing best practices. Integrated with Web technology, the application connects multiple parties involved in the property claims process, including carriers, claims supervisors, call desk support, insureds, insurance adjusters and contractors.
Sengen Inc., a Mt. Laurel, N.J.-based Internet consulting and development firm, is offering the SCRIBE policy issuance component-the first of several SCRIBE components that the company will market to insurance companies. According to Sengen, it can integrate SCRIBE into the existing systems of most companies seeking to build or enhance their online policy issuance capabilities rather than developing one from scratch.
New York-based Tillinghast-Towers Perrin released new versions of its life insurance financial simulation software, TAS Tillinghast Actuarial Software V9.5, and its economic scenario generation software, Global CAP:Link V4.1. Both products are core components of the firm's RiskValueInsights suite of risk management products and services. The latest release of TAS includes two region-specific versions of the software: TAS-US and TAS-International. The new version of Global CAP:Link generates credit yield curves for investment and non-investment grade debt, generates GDP as a variable, and offers tools to generate user-specified sub-sectors of broad inflation.
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