(Wolfgang Amadeus Mozart by Barbara Krafft, posthumous portrait, 1819.)
ISO (Jersey City, N.J.) has launched Mozart Form Composer, which the vendor calls an innovative forms management tool and product development platform for the insurance industry.
Mozart helps insurers manage and create products to address today’s risks, reduce production time, and streamline the product development process, according to a vendor statement. The platform’s core features include a centralized repository and library for insurers’ proprietary coverage language and the ISO forms they license. Fueled by ISO proprietary smart tags, Mozart’s search technology allows insurers to leverage a vast library of policy wordings to develop, draft, and edit customized insurance contracts, ISO reports.
Maroun Mourad, SVP, ISO Insurance Programs and Analytic Services.
“In today’s competitive environment, insurers are looking for profitable growth opportunities and ways to increase operational efficiency while putting an enhanced emphasis on compliance, audit, and risk management,” comments Maroun Mourad, senior VP, commercial lines domestic and global, ISO. “With Mozart, insurers can easily research, create, and edit policy wording, providing efficiencies in time to market-for both new offerings and critical coverage updates.”
Mozart was developed with input from several insurers, including Markel Corporation, and will continue to evolve based on customer feedback, the vendor says.
Significant Efficiencies, Streamlined Workflow
“We were delighted to partner with ISO in their development of Mozart, as we quickly recognized the benefits that Mozart could provide in our forms management and creation process,” comments Christine McDaniel, product development manager at Markel, an underwriter of specialty insurance products. “By centralizing our proprietary forms with ISO forms and using Mozart’s core functionality, we’ve already realized significant efficiencies when searching for forms, identifying the impact that ISO changes may have on our own forms, and by streamlining our workflow process. We’re looking forward to seeing the continued evolution of this innovative platform.”