Anchor Selects ISCS’s SurePower Innovation
Staff Writer | October 18, 2016
ISCS announces that Anchor Insurance recently selected SurePower Innovation to replace the company’s existing legacy system. Based in St. Petersburg, Fla., Anchor provides property and homeowners’ coverages in coastal areas across 13 southern states. Like many other regional insurers, Anchor naturally competes with larger, national insurers with extensive marketing and advertising budgets for new business, and turned to technology to gain an advantage.
"We found ourselves with a core system that actually inhibited our ability to roll out lines and states in a timely manner,” says Rads Mydam, CIO for Anchor Insurance. "As core system integrations are often difficult, we decided to find a well-integrated, all-in-one system.”
Anchor embarked on a rigorous search for a core administration replacement, according to Mydam.
“ISCS and SurePower Innovation met all of our requirements,” says Mydam. “We were especially impressed by ISCS’s typical implementation timeline, as well as the robust claims management functionality, the built-in portals, and the mobile capabilities of SurePower Innovation."
Focused on providing stable, comprehensive, and affordable insurance options to people living in catastrophe-prone areas, Anchor’s business thrives on high levels of customer service and satisfaction. Delivered in the cloud via ISCS’s SurePackage deployment option, SurePower Innovation ensures instant scalability and constant uptime, even during significant CAT events when first notice of loss (FNOL) levels are increased and service levels are most important.
"Anchor Insurance rightly recognized the limitations of their legacy technology and moved quickly to find a solution," says Andy Scurto, president of ISCS. "Modernization initiatives like this one are becoming more critical for insurers, so as to not wind up behind the curve, unable to take advantage of new insurance technology (insurtech), unaware of the potential of new data sources, and unprepared to meet the needs and demands of today’s insurance consumer. We look forward to working with Anchor as a customer and partner."
Anchor’s initial implementation of SurePower Innovation will first be pushed live in Texas, Louisiana and Florida, with plans to extend the implementation to the other states in which Anchor is licensed, including South Carolina, Mississippi, Georgia, Tennessee, Arizona, Kentucky, New Mexico, Indiana, Missouri and Oklahoma.
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