12.14.04

InsightAmerica Partners with ISO

InsightAmerica, a leading provider of risk mitigation information and analytics, today announced a strategic alliance with ISO, the leading supplier of statistical, actuarial, underwriting, and claims data to the property/casualty insurance industry. Under the agreement, ISO ClaimSearch will complement its existing public records offering for insurer claims and special investigations personnel by providing access to InsightAmerica’s people locating and asset verification data.

ISO ClaimSearch is the property/casualty insurance industry’s first and only comprehensive system for improving claims processing and fighting fraud. Each year, participating insurers and other organizations submit tens of millions of reports on individual insurance claims. ISO stores those reports in a single database that helps insurers, self-insurers, law enforcement agencies, and state fraud bureaus detect and prevent fraud, evaluate risk, and process meritorious claims. ISO ClaimSearch also provides access to public records, police reports, and medical records through its integrated platform.

“We’re extremely pleased to have been selected by ISO to provide information to enhance the ISO ClaimSearch system,” said Ron Fournet, InsightAmerica’s CEO. “We see a lot of potential in using our information and technology in the insurance industry to help insurers handle claims and fight fraud effectively.”

InsightAmerica maintains a wide range of databases from both public and private sources, including property, identity, telephone, and other specialized databases which are used to prevent fraud, investigate crimes, litigate court cases and find delinquent debtors.

“We think InsightAmerica and ISO are a great fit,” remarked Richard Boehning, President of the AISG, a unit of ISO. “InsightAmerica’s extensive stable of databases and analytic tools complement what we have. This partnership helps address information needs of our customers.”

The new capabilities are expected to be available to ISO ClaimSearch customers beginning next quarter.

About ISO

ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Professionals use ISO’s databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO’s services help customers protect people, property and financial assets.

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