POLICY MANAGEMENT ASCENDANTONE

NASHUA, NH-AscendantOne, a unit of ISO (Jersey City, NJ), released rating, quoting and policy-administration support for commercial package policies (CPP) through its browser-based rating and policy management system. AscendantOne's commercial package policies delivery parallels ISO manuals and takes advantage of the vendor's base/exception rate-management methodology to provide efficiencies to customers, AscendantOne says. Development and maintenance of coverages are performed only once at the monoline level, and the resulting monoline revisions are then automatically available to package policies. Package modification factors are added to modify individual monoline premiums, coverage forms and pricing methodologies, while following monoline rules and standards, according to AscendantOne.