ISU has over 30 years of history with guaranty funds and now has been completely rewritten in a modern programming framework. To be precise, ISU has been rewritten in .NET 8 and WPF for all of its features. Meanwhile, our lengthy history and focus on guaranty funds means we support numerous business cases other systems may not support.
Our features include:
- Claims Adjusting including reserve development, payments (checks and ACH), pre-insolvency pay histories, diaries, notes and claims reporting.
- A Record imports including a check for any records with errors before any claims are imported. Imports of other UDS records from liquidators also check for errors in all records before any record is imported.
- Automated C and D Record exports to NCIGF, with one click to upload many different companies.
- Imports of payments directly from multi-claim service providers (i.e. pharmacies or claims adjusters) to spread a single payment to multiple claims. Support of new import formats included in a support contract.
- OFAC SDN of all payments in process.
- 1099 support for both electronic IRS filing and mailing to the payees.
- Net worth billing with frequency customizable for each net worth policy.
- Assessment modules include insurer demographics, assessable premium calculations, invoice printouts with calculations, automated refunds with information statements, quick payment entries and payment entry with custom assessment applications.
- MSP handling of queries and reporting, including Parts C/D information from queries.
- On-premise system with SQL Server database and documentation allowing definite data migration out of the system if necessary.
- Support includes new reporting and modules as necessary for the customer, with a continual look at improving automation and user-friendliness of the system.
If you are a fund interested in our system, please email us at mwaters@isusoftware.com for more information.