ISO ACQUIRES XACTWARE
|
Logged in as: Guest
|
NOTICE: We are no longer using this forum for discussions. Please follow the links to the new forums.
Catastrophe Central-The Adjuster's Forum : Community Center- Forums
New Site Registration : New Site Login
Login  | |
|
ISO ACQUIRES XACTWARE - 8/11/2006 4:48:09 PM
|
|
|
Gale
Posts: 739
Joined: 4/19/2004
Home base: Murray, KY
Status: offline
|
This is the lead CADO front page story. While we had heard a different vendor was taking with ISO (Insurance Services Office) so this was news when we read about it on CADO first.
http://www.iso.com/press_releases/2006/08_10_06.html ISO ACQUIRES XACTWARE
http://www.iso.com/about_iso/about09.html tells about the property and casualty division.
< Message edited by Gale -- 8/11/2006 7:13:48 PM >
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 5:35:51 PM
|
|
|
ntzjazz
Posts: 56
Joined: 4/19/2004
Status: offline
|
A couple of years ago, while sitting around the camp fire letting the beer doing the talking, I remember discussing the up-loaded estimates on Xactimate’s Server.
The wealth of information in these Insurance loss estimates is enormous and a valuable product.
The estimate have the “type” of claim, affected areas, date received and inspected. And most important of all , the dollar amount of the type claim.
It is going to be interesting to see what ISO does with Xactimate’s information for ISO’s customers in ISO’s “analytical information” products.
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 5:39:31 PM
|
|
|
jadle
Posts: 110
Joined: 6/5/2005
Home base: Potsdam, NY
Status: offline
|
It will be really interesting to see which way the pricing goes and if they will give us back the second install without charging full price for it.
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 6:59:22 PM
|
|
|
aporco
Posts: 124
Joined: 4/21/2004
Status: offline
|
When I saw the home page story on ISO's purchase of Xactware, I wondered how long it would be until John or Gale posted.
I don't know much about marketing software, but I do know the kind of clout that ISO has in the industry. If I were Gale and/or John, I would be very, very worried. There are many smaller, regional carriers that do not script any of their own forms, they rely on ISO forms. Will these carriers come to rely on ISO for claims management software? Since most of the national carriers are already using Xactimate, it will make sense to the herd to fall in line.
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 7:12:19 PM
|
|
|
Gale
Posts: 739
Joined: 4/19/2004
Home base: Murray, KY
Status: offline
|
Alan being very, very worried is a negative force that only aids one's competition. : )
I think I also read where Met Life went with Xactimate as well, were they with MSB before?
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 8:14:06 PM
|
|
|
Storm Duty
Posts: 163
Joined: 8/16/2004
Status: offline
|
I hope this means that ****timate will get an insurance make-over. I'm tired of dealing with the inferior product and all it's short comings. It reminds me of CCC vs. Mitchell auto estimating programs. CCC had the data side and delivered data mining to the liking of the insurers, but Mitchell ruled the industry with their manuals and ease of use. CCC had done nothing more to acquire the industry than to market the service from the top down just as ****timate did. Being forced to use one system over another is just another way of taking away the freedom of choice.
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 8:55:12 PM
|
|
|
Gale
Posts: 739
Joined: 4/19/2004
Home base: Murray, KY
Status: offline
|
“The privately held company and its more than 230 employees will continue operating at its current headquarters in Orem, Utah, as a stand-alone entity, serving its extensive customer base of property insurers, contractors and service providers throughout the United States and Canada.” is from the press release.
I expect the purchase price (required ROI)) will play a roll as to how Xactimate is run five years from now. It is a totally different company that the estimating software division of MSB. I am sure Xactimate is highly profitable. If ISO gains a management role it could get interesting.
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/11/2006 9:57:48 PM
|
|
|
PORTASATGUY
Posts: 338
Joined: 9/15/2005
Home base: Homeless
Status: offline
|
Good news for sure!
_____________________________
R. Estes
Life is short LIVE IT!
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/26/2006 2:08:17 AM
|
|
|
Gale
Posts: 739
Joined: 4/19/2004
Home base: Murray, KY
Status: offline
|
http://www.iso.com/press_releases/2006/08_08_06.html
TRANSUNION AND ISO A-PLUS INTRODUCE CREDIT LOSS HISTORY SCORES FOR AUTO AND PROPERTY UNDERWRITING
CHICAGO AND JERSEY CITY, N.J., Aug. 8 — Two industry leaders, ISO’s A-PLUS™ (Automobile-Property Loss Underwriting Service) unit and TransUnion, have created a comprehensive risk score that will bring greater efficiency to property and auto insurance underwriting and policy renewals. The new Credit Loss History Score (CLHS) provides one of the most powerful predictive tools for insurance carriers to better assess the risk of new applicants and renewals….
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 8/26/2006 8:58:34 AM
|
|
|
brighton
Posts: 39
Joined: 6/10/2005
Status: offline
|
RE: TransUnion/ISO partnership..
It has been proven that credit scores can show the likelihood of claims occuring (this was shown through a study by the University of Texas School of Business, and this is a liberal school). The howing was loud and hard about the proof. However, more and more states are either banning or severly limiting the use of them.
Does this mean that ISO has an inside track to get the states to change their minds about credit based scoring?
|
|
|
|
|
RE: ISO ACQUIRES XACTWARE - 9/10/2006 7:36:12 PM
|
|
|
Gale
Posts: 739
Joined: 4/19/2004
Home base: Murray, KY
Status: offline
|
Below are some assorted links that shows in and of themselves some of the breath and scope of ISO if you have any interest in how they relate to the property insurance industry and more specifically to the property claims handling industry. Clearly they are a key player internationally.
ADMIRAL GROUP LTD SUCCESSFULLY DEPLOYS PERSONAL INJURY CLAIMS ...
Insurance Services Office, Inc., Limited (ISO) is the UK subsidiary of Insurance Services Office, Inc. — the premier source of information, products and ...
www.iso.com/press_releases/2002/05_15_02_2.html - 12k - Cached - Similar pages
[PDF] Adobe Customer Spotlight: Insurance Services Office, Inc.
File Format: PDF/Adobe Acrobat
Insurance Services Office Improves Customer Service While ... Adobe Systems Europe Limited Adobe House, Mid New Cultins, Edinburgh EH11 4DU,Scotland,United ...
www.adobe.com/epaper/spotlights/acriso/pdfs/acriso.pdf - Similar pages
[PDF] ISO Insurance Services Office of Israel, Ltd .
File Format: PDF/Adobe Acrobat - View as HTML
ISO Insurance Services Office of Israel, Ltd. Amot Bituach Building, Building B, 9. th. floor, Derech Menachem Begin 48, Tel-Aviv 66184, Israel ...
www.mof.gov.il/hon/2001/insurance/memos/Risk_2005_EN.pdf - Similar pages
[PDF] ISO Insurance Services Office of Israel, Ltd .
File Format: PDF/Adobe Acrobat - View as HTML
ISO Insurance Services Office of Israel, Ltd. ... previously explained, data from the Avner files has limited use, because Avner's exposures appear to ...
www.mof.gov.il/hon/2001/insurance/memos/Tariffs_2005_EN.pdf - Similar pages
[PDF] DIGEST OF BUSINESS REVIEWS 1994 94-1 Insurance Services Office ...
File Format: PDF/Adobe Acrobat - View as HTML
Facts: The Insurance Services Office proposed to develop and market a ... The information would be limited to credit history information that will assist ...
www.usdoj.gov/atr/public/busreview/215664.pdf - Similar pages
IBM case study on Insurance Services Office, Inc. (ISO)
One company that has made some significant steps in building an SOA environment around its existing IT infrastructure is Insurance Services Office, ...
www-306.ibm.com/software/success/cssdb.nsf/CS/HSAZ-6PTUMK?OpenDocument&Site= - 42k - Cached - Similar pages
Jobs at Insurance Services Office, Inc - careerjet.com
Jobs at Insurance Services Office, Inc. List maintained by Careerjet, the employment search engine. ... Careerjet Limited. All rights reserved. ...
www.careerjet.com/jobs_insurance_services_office_inc.html - 14k - Cached - Similar pages
|
|
|
|
!! You are viewing a post in the forum archive.
NOTICE: We are no longer using this forum for discussions. Please follow the links to the new forums.
Catastrophe Central-The Adjuster's Forum : Community Center- Forums
New Site Registration : New Site Login
 New Messages |
 No New Messages |
 Hot Topic w/ New Messages |
 Hot Topic w/o New Messages |
 Locked w/ New Messages |
 Locked w/o New Messages |
|
Post New Thread
Reply to Message
Post New Poll
Submit Vote
Delete My Own Post
Delete My Own Thread
Rate Posts
|
|
User Agreement | Privacy Statement| Contact |Copyright 1995 - 2006 CatAdjuster.org. All rights reserved.
0.203
|
Printable Version
