EAGAN, MN--(Marketwire - May 23, 2011) - Wyde Corporation, a leading provider of core insurance systems, has joined the ISO Electronic Rating Content Associates Program.
The program will enable Wyde customers using ISO rating to stay up to date with numerous ISO circulars instead of having to analyze and interpret them. Users of Wyde's Wynsure system will receive updates to loss costs, rules, and policy forms. ISO typically makes 3,000 to 4,000 program changes a year in commercial lines and thousands more in personal lines.
Besides letting vendors upload ISO's rating content into their policy administration systems, the program provides vendors with the implementation-level details built into ISO Electronic Rating Content. These details include premium calculations, forms attachment logic, premium statistical code assignment according to ISO's full statistical plan, and validation messages. All these will be built into Wynsure.
"This is part of our continued commitment to excellence in the property/casualty industry," said Didier Lamour, CEO of Wyde North America. "It lets us offer our clients the advantage of product configurability in Wynsure within a structure of ISO loss costs and factors. Our clients will save money, and it will be easy for them to stay in compliance with ISO."
Kevin Thompson, senior vice president of Insurance Services at ISO, said, "We're pleased to welcome Wyde to the ISO Electronic Rating Content Associates Program. It's an exciting opportunity for us, for Wyde, and for their customers."
Wyde will demonstrate Wynsure with the new ISO capabilities at the upcoming LOMA-ACORD Systems Forum (May 22 to 25) and the IASA Conference (June 5 to 8).
Wyde is the maker of Wynsure, a proven core software suite for personal and commercial lines property/casualty insurance and for group and individual life/health/annuity insurance companies in North America and Europe. Wynsure features ultimate flexibility and rock-solid reliability, and its modular design allows deployment of a complete solution or one domain at a time. Wynsure's fully integrated modern solution provides core processing across modules, making the technical environment less complex and boosting data integrity.
Wyde offices are in Eagan, Minn.; Quebec City, Canada; Paris, France; and Tunis, Tunisia. More information is available at www.wynsure.com.