Toronto, Canada – May 27, 2010 – Sompo Japan Insurance Company of America (Sompo) and Insurance Systems Inc. (ISI) today announced that Sompo has successfully deployed ISI Cargo as its new platform for marine cargo certificates, underwriting automation and rating.
Sompo selected ISI’s Cargo solution in August of 2009 and the implementation, branded internally as “Sompo C-Port,” was completed in less than six months from initiation to deployment. This accelerated implementation timeline for the solution can be attributed to ISI’s in-depth expertise in the marine insurance arena combined with an extremely configurable product offering which today allows Sompo underwriters, brokers and policyholders to transact marine cargo business over the Internet.
“We are very excited about this partnership with Sompo,” said David Hanley, vice president of business development and operations for ISI. “Sompo is an extremely customer-driven company and we believe the ISI solution will allow them to provide even stronger service in this niche offering.”
“ISI’s Cargo solution allows us to offer the level of service on our marine book of business that Sompo is known for,” said Phyllis Drivas, Ocean Marine Underwriting Manager. “Working with ISI throughout the project, it became apparent that they not only have sound technical knowhow, but also an insight into how we can improve our business through the effective use of the technology.” ISI’s Cargo platform is a fully-integrated browser-based solution to run all aspects of a property/casualty insurance operation, including additional modules to support the specific needs of marine insurers.
About Sompo Japan Insurance
Sompo Japan Insurance, Inc (SJI), the parent company of SJA, was established on July 1, 2002, by the merger of Yasuda Fire & Marine Insurance Co., Ltd and Nissan Fire and Marine Insurance Co., Ltd. SJI is among the largest Property and Casualty Insurers in the world and is the 2nd largest in Japan. As of 2008, there are 42 offices of Sompo Japan Group or its subsidiaries in 26 countries around the world.