SAN JOSE, CA and JACKSON, MS--(Marketwire - August 17, 2010) - ISCS is pleased to announce the Mississippi Windstorm Underwriting Association (MWUA) and the Mississippi Residential Property Insurance Underwriting Association (MRPIUA) recently selected ISCS's SurePower Innovation® Policy Administration Suite and hosted services to increase efficiencies in administering the policies placed with the state's insurer of last resort for selected perils. SurePower Innovation's technology enables the cost-efficiencies of having both MWUA and MRPIUA coverage offerings administered through a single system.
"We at MWUA and MRPIUA are very excited and eager to begin using SurePower Innovation," said Joe Shumaker, manager and executive director of MWUA. "SurePower Innovation contains the features and technology we were looking for in a new policy management system. The team at ISCS has been very knowledgeable and professional and we look forward to establishing a strong partnership."
Implementation of SurePower Innovation will significantly enhance both plans' policy administration capabilities and ability to serve the people of Mississippi. MWUA's policy base has nearly tripled since Hurricane Katrina. SurePower Innovation's highly-scalable technology means the MWUA and MRPIUA can efficiently manage present, and even higher, policy numbers.
ISCS's SurePower Innovation Policy Administration Suite also has the ability to expand rapidly from a few claims examiners and managers accessing the system to hundreds or even thousands that might be deployed following a major catastrophe. As a fully web-based system, SurePower Innovation delivers the security of a hosted system, whose facilities will not be affected by a Mississippi catastrophe, and enables people with only Internet access to file claims and claims processors to administer claims from any location.
"We at ISCS are looking forward to working with MWUA/MRPIUA," said Andy Scurto, ISCS president and CTO. "We feel that the implementation of SurePower Innovation will provide the residents of Mississippi the peace of mind that comes from having a secure and efficient system in place to meet the needs of those covered by these plans when they most need it."
About ISCS
P&C carriers and MGAs rely on the modular, Web and SOA-based SurePower Innovation Policy Administration Suite to perform critical business processes for commercial, personal and specialty lines of business. These include automated underwriting, policy and claims management, integrated reinsurance, integrated billing and much more. The system provides integrated document management, a rules-based data warehouse, and document imaging client tool for bulk indexing and LDAP-standards security. With modern highly scalable, extensible, and configurable technology, SurePower Innovation enables insurers of all sizes to meet today's market requirement for business agility. SurePower Innovation Policy Administration Suite is a company-wide, strategic choice for carriers to both retain customers and increase their book of business. For more information contact Phil Kiekhaefer, Ph.D., Director of Marketing & Usability for ISCS, at 1-888-901-ISCS, phil.kiekhaefer@iscs.com, or visit www.iscs.com.
About Mississippi Windstorm Underwriting Association (MWUA)
The Mississippi Windstorm Underwriting Association (MWUA) was established by House Bill 274 of the 1987 session of the Mississippi Legislature to provide a method whereby an adequate market for Windstorm and Hail Insurance may be provided in the Coastal Area of Mississippi. MWUA provides coverage for Windstorm and Hail perils only. For more information about Mississippi Windstorm Underwriting Association, please visit the organization's website at http://www.msplans.com/MWUA/Index.htm.
About Mississippi Residential Property Insurance Underwriting Association (MRPIUA)
The Mississippi Residential Property Insurance Underwriting Association (MRPIUA) was established by House Bill 1113 of the 2003 session of the Mississippi Legislature. The former Mississippi Rural Risk Underwriting Association provided a residual market for residential property insurance in rural areas of the state. Under the MRPIUA, this will be expanded to provide a residual market for residential property insurance in both rural areas and all other protection classes of the state. It is the purpose of this association to provide a program to assure an adequate market for residential fire and extended coverage insurance in both the rural and other areas of Mississippi. For more information, about MRIPIU, please visit the organization's website at http://www.msplans.com/MRPIUA/index.shtml.
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