Third-party integrations are seamless connections between a policy administration system and trusted external databases, services, and payment gateways. ISi’s third-party integrations are among the most powerful. They automatically retrieve critical application data (motor vehicle records, loss histories, credit scores, property characteristics) to eliminate manual data entry, thereby significantly reducing human error. By instantly consulting outside intelligence to validate user-provided information and perform complex calculations, these tools ensure pricing accuracy, accelerate claims management, and enable straight-through processing, allowing policies to be quoted, issued, and bound rapidly without human intervention.
The Power of Underwriting Tools With Integrations
To eliminate manual data entry, adjust pricing, and determine eligibility, ISi connects directly to external databases to automatically pull application details by accessing public and private information for underwriting.
With auto insurance, for instance, ISi seamlessly integrates with trusted vendors to instantly retrieve loss history reports, Motor Vehicle Records (MVRs), and driver reports.
For property underwriting, ISi seamlessly connects to public databases to gather property characteristics, like square footage and year built, to accurately calculate the replacement cost.
Integrations also allow ISi to evaluate enhanced property risk scores by considering factors such as the distance to the nearest fire station and vulnerability to floods, wildfires, and structural damage. ISi can then compare third-party intelligence directly against user-entered data to validate pricing accuracy.
Real-Time Rating & Integrations
For carriers and MGAs, significant growth depends on meeting independent agents in the software systems they already use. ISi fully supports Real-Time Rating (RTR) through native integrations with industry-leading comparative raters.
When an agent submits a quote through an aggregator, the data bridges directly into ISi. The system’s rating engine then evaluates the data, runs multiple pricing scenarios simultaneously, and evaluates various payment plans before instantly binding accurately priced premiums.
Agent Download Integration
Agent Download is an automated integration that seamlessly pushes policy data from the insurance carrier's core system directly into an independent agent's own local agency management software. By connecting these external systems, ISi allows agents to consolidate and manage all their clients' information in one central location without having to manually log into individual carrier portals. ISi handles all the complex backend work required to keep the independent agent's local system perfectly synced with the carrier's official records.
Smarter Claims Management & Payment Integrations
When a First Notice of Loss (FNOL) is filed, ISi accelerates the claims process by connecting directly with external adjuster platforms. ISi automatically compiles the claim details, policy information, and relevant documents (such as the active declarations page) and pushes the data to the third-party claims adjuster.
For auto physical damage, ISi automatically downloads valuation files and estimates from a remote FTP server, compiles the files into a single, cohesive PDF document, and attaches the final estimate receipt directly to the claim file.
To detect fraud and ensure compliance, ISi also connects seamlessly to a comprehensive database, allowing carriers to report claims and automatically handle strict Medicare reporting requirements. For claims payments, ISi integrates with DisburseCloud for fast processing.
Integrated Payment Gateways
ISi natively integrates with leading credit card and ACH/EFT payment gateways to enable immediate, secure online premium payments for policyholders.
By directly connecting to these external processors, the system can automate complex payment scenarios hands-free, such as executing recurring monthly credit card or electronic funds transfer (EFT) installments.
This integrated approach also extends to agency workflows, giving carriers the ability to automatically sweep an independent agent's bank account via ACH to collect unverified funds. By focusing on robust external payment integrations, ISi eliminates manual collection efforts and creates a fully automated billing ecosystem.
Artificial Intelligence Integrations
ISi is engineered to support advanced artificial intelligence (AI) platforms. It can automatically push data to an AI provider whenever a new transaction occurs, or a photo is attached to a quote or claim. AI then analyzes the documents for authenticity.
Following machine-learning analysis, the AI can trigger automated responses back to ISi and instantly add an underwriting task to a diary, request more information from the insured via email, or even execute a policy endorsement.
ISi’s powerful third-party integrations can greatly benefit your insurance business. Book a demo today to learn more.