Union Mutual of Vermont Co.s (UMVT) is almost ready to go live with its latest IT purchase as Phase I implementation closes of ISCS's flagship product, SurePower Innovation. The mutual insurer is hoping the web-based platform wil deliver service to its policyholders and ease of doing business to independent agents.
ISCS says this Phase I implementation brings UMVT live with four major lines of business—homeowners, personal auto, personal umbrella and business owners—in six New England states, which represents more than 95 percent of the company's policies. For UMVT, the implementation also will also result in an increased ability to make more accurate pricing decisions, which, ultimately, support improved loss ratios and decreased time-to-market for pricing changes.
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