(Image credit: massimo_g, Dollar Photo Club.)
ISCS (San Jose, Calif.) has added document and data prefill functionality to the latest release of its SurePower Innovation core insurance system suite. Version 3.0.10 features the capabilities across the entire suite to enable faster quoting, claim resolution and product speed-to-market, according to the vendor.
“It’s exciting to see these kind of capabilities in a modern enterprise suite,” comments Karen Furtado, partner of research and advisory firm SMA (Boston). “Insurers have typically looked to best-of-breed solutions for these types of features. This new functionality in modern enterprise suites, like SurePower Innovation, gives insurers more options for building their technology architecture. This is a significant advance from ISCS.”
The new functionality obviates the need to implement best-of-breed solutions for document/content management needs, according to ISCS. The vendor reports that Version 3.0.10 of SurePower Innovation features the ability for insurers to store documents and other artifacts unrelated to policy or claim files in new document cabinet folders within SurePower Innovation. Other new document management functionality includes drag-and-drop, improved custom filtering, full document audit trail capability, user-defined templates and security access lists for each document cabinet folder, according to ISCS.
(Related: No More Need for Best of Breed)
The new capabilities in SurePower Innovation V 3.0.10 are the result of ISCS’s continuous work to improve the system in order to meet customers’ needs, incorporate industry standards and overcome market challenges, according to Andy Scurto, president of ISCS. “Over and above just modernizing and automating processes critical to effective core administration, P&C insurers need a clear path that will enable a migration away from siloed, best-of-breed solutions,” Scurto says. “This new functionality goes beyond industry standard features of core systems to help insurers achieve a future-first position in terms of technology maturity and utilization.”
Additional functionality new to V 3.0.10 of SurePower Innovation include the following, as reported by the vendor:
LexisNexis Auto Data Prefill: This new data report interface requests a LexisNexis Automobile Data Prefill report directly from SurePower Innovation by providing required information, and returning results that automatically prefill quotes with drivers and vehicles found at the searched address.
Improved Commission Plans: Insurers can now place producers on new commission plans pre-populated by data imported from Excel spreadsheets. Plans contain new levels of detail and flexibility over traditional definition by license class, including commission area, business source and code.
Claimant Preferred Payment Method: This new feature eliminates keystrokes and saves time by auto filling the claimant’s preferred payment method and pulling ACH information from SurePower Policy without user intervention.