Address-verifying tools add automation and accuracy to critical ISCS software used by property and casualty insurance companies.
SANTA BARBARA, Calif., June 11, 2014 – Correct addresses are essential to property and casualty (P&C) insurance companies. Pinpointing an exact location of an insured property enables insurers to evaluate the risks associated with that location and also ensures that time-sensitive correspondence is delivered efficiently. When ISCS, a provider of software and services to the P&C insurance industry, needed a partner to enhance its software suite with accurate address data, Service Objects was selected for its proprietary CASS-certified database engine of over 165 million unique addresses, and 99.8% match rate accuracy.
"To us, access to precise address information is more than a benefit – it's a must. In order to create the most reliable software, we had to find an expert in address accuracy and trusted Service Objects to provide our address verification web services," said Mike Wanzong, Vice President Insurance Solutions, ISCS. "After easily integrating Service Objects APIs into our software, our users simply push a button to immediately get a valid address. To date, our users have validated more than 23 million addresses and we're not stopping there."
ISCS is one of hundreds of Service Objects customers using its address verification tools to receive up-to-date, valid and genuine address data. The two products used by ISCS are:
- DOTS Address Validation US – Delivers address details in real-time so sensitive mail, like cancellation and renewal notices, are sent and received.
- DOTS Address Geocode US – Outputs an address's latitude, longitude, full ZIP code, tract code and block code to allow identification of an exact property location, which is important during the policy creation process.
"When it comes to identifying a specific location, the insurance and financial sectors cannot risk inaccuracy and uncertainty," said Geoffrey Grow, CEO of Service Objects. "ISCS's commitment to data quality excellence aligns perfectly with our Company's vision. Our collective goal is to make sure every insured address in every ISCS system is genuine, accurate, and as up-to-date as possible."
About Service Objects
Founded in 2001, Service Objects is the leading provider of real-time data validation services. Its contact validation and data quality web services allow businesses to identify potentially fraudulent transactions, append additional contact information and process transactions in a more efficient manner. The Company works with major brands like American Express, LendingTree and Amazon; and it has validated over 1.7 billion contacts. For a full listing of contact validation products, visit www.serviceobjects.com.
ISCS is the developer of SurePower Innovation®, a highly-scalable, configurable modern enterprise suite that mitigates risk and increases business agility for property and casualty (P&C) insurance organizations writing personal, commercial and specialty lines. Through SurePower Innovation, ISCS leverages the latest technology to automate policy, billing, claims, underwriting, reinsurance, insurance accounting, payables, document management, producer/commission management, agent/consumer portals and more. SurePower Innovation modules can be implemented independently or as a suite, and can be delivered as a complete managed SaaS solution via ISCS's SurePackage deployment option, allowing insurers to focus on the business of insurance.