Insurance Services Office, Inc. (ISO) has entered into an outsourcing agreement with Kentucky Employers Mutual Insurance (KEMI) to collect the insurer’s workers’ compensation data.
ISO will collect KEMI’s workers’ compensation premium and loss information in transactional format and compile unit statistical reports, financial data and detailed claim information (DCI).
“We selected ISO as our outsourcing vendor because of its expertise in workers’ compensation and transactional data services,” said Karen Hardin, COO of KEMI. “The agreement will enable us to focus on our core competencies — writing policies and implementing loss-control measures — and better deploy our operational and technology resources to more productive and revenue-generating activities,” Hardin added.
“The agreement with Kentucky Employers Mutual reflects ISO’s commitment to serving state funds,” said Carole Banfield, ISO’s executive vice president. “State funds like all insurance carriers face an enormous burden in complying with statutory requirements, and KEMI’s choice reaffirms our reputation for data-management expertise and commitment to service.”
Topics Data Driven Commercial Lines Workers' Compensation Business Insurance Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance 
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
