ISMIS

ISMIS (Insurance Software Management Information System) is an enterprise web platform developed by Cover.Net Limited. According to the vendor, ISMIS provides comprehensive insurance software solutions tailored to the needs of managing general agents (MGAs), insurers, and claims managers. It offers customizable packages that can be adjusted to meet the specific requirements of these organizations, making it suitable for companies of all sizes in the insurance industry.

Key Features

Configurable Packages: ISMIS offers customizable packages designed for MGAs, insurers, and claims managers. These packages can be tailored to meet the specific needs and requirements of these organizations.

Comprehensive Functionality: ISMIS provides a wide range of functionality to support the operations of MGAs, insurers, and claims managers. It covers areas such as underwriting, policy administration, claims management, billing, and reporting.

Bespoke Application Development: ISMIS offers the capability for organizations to build custom solutions to address their unique requirements. This flexibility ensures that the software can be adapted or enhanced according to specific business needs.

Smart Integrations: ISMIS provides seamless integrations with existing systems, services, and data. It offers inbound and outbound connectivity, allowing integration with other platforms and enabling real-time data exchange or scheduled batch processing.

Enrichment Services: ISMIS offers services to enhance the functionality of the software, including regulatory reporting, connected marketplace integration, and data enrichment through integration with external sources.

Complete Claims Management: ISMIS includes CHIME, a comprehensive claims management solution. CHIME supports the entire claims process, from first notice of loss (FNOL) to fraud checking and payment processing, streamlining and automating the claims workflow.

Continuous Innovation: ISMIS is built on a continuous development and delivery process, allowing for ongoing evolution. This approach ensures that new functionality can be seamlessly integrated into the existing framework, enabling continuous innovation without the need for complete rebuilds.

Connected Marketplace: ISMIS offers a connected marketplace, enabling organizations to connect with external partners such as brokers or service providers to streamline business processes and expand their network.

Regulatory Reporting: ISMIS includes robust regulatory reporting capabilities to ensure compliance with industry regulations and reporting requirements. The software provides tools and features to generate and submit regulatory reports accurately and efficiently.