(Page from the score of Requiem by W.A. Mozart.)
Verisk (Jersey City, N.J.), a data analytics provider to the insurance industry, has launched an application programming interface for Mozart Form Composer, its subsidiary ISO’s forms management tool and product development platform.
Mozart was created to address challenges faced by many insurers using a large number of proprietary and ISO forms to develop policy language, with forms and endorsements often stored in multiple systems. Verisk notes that Mozart was designed to help them develop, draft, and edit customized insurance contracts with more speed and efficiency.
Verisk’s newly launched API is designed to enable insurers to easily integrate Mozart with their in-house or vendor applications. The API also offers a number of features, including the ability to download ISO forms individually or in bulk and perform custom searches for forms based on line of business, U.S. state or territory, and document text.
Single Repository of Policy Language
“With our new API, we’re enabling connections from Mozart to internal insurer systems and third-party vendor systems throughout the insurance policy life cycle,” comments Ron Beiderman, VP, commercial lines product development, ISO. “This allows our Mozart clients to have a single repository of their policy language, minimizing the challenges many insurers face today around version control and out-of-date policy language by having copies of their forms and endorsements in multiple systems.”