Insurity, a ChoicePoint® company, has signed a licensing agreement with Cypress Point Insurance Services, Inc. for its Commercial Intellisys® system. Provided through Insurity’s Outsourcing Services Division, the fully managed and outsourced system provides the rating, quoting and policy-issuance for Cypress Point’s Workers’ Compensation line of business in six states.
“Insurity’s ability to expand by carrier, line of business and geographically makes our business planning much more simplified and eliminates the guesswork in putting a program together,” Cypress Point president Bill Trzos said. “We are pleased with the exemplary service, programming care and high standard of expertise Insurity provides. The Commercial Intellisys system offers the flexibility and functionality that will enable our continued growth.”
Commercial Intellisys provides commercial Property & Casualty policy underwriting, rating, issuance and statistical coding for all lines of business in all 50 states. The system provides several on-line help features; for example, Commercial Lines Manual, NCCI and SIC/NAIC look ups, as well as City File help providing information on protection classes, tax district and lines of business territory codes.
Commercial Intellisys is offered as a License or Application Service Provider agreement. In addition to providing Commercial Intellisys, Insurity provides back office processing including billing, claims, reinsurance, management reports and statistical reporting. Insurity will manage and process compliance of statistical reporting to ISO and Other Bureau’s as well as DMV reporting, as a business outsourced feature.
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