History of ISU

 

ISU was formed in 1980 by Rodney Nun. The initial goal was to provide Data Processing support to Insurance Companies and Insurance Agents. A short time after being formed, a system was developed to provide group insurance quotes, on PC's, for the Life and Health Insurance industry. At this system's peak, there were over 3,000 agents using the system, quoting over 200 different companies with multiple products. Included in the client's utilizing the system were Blue Cross & Blue Shield of Illinois and Combined Insurance Company.

 

In 1985 ISU had the opportunity to develop a system to handle the needs of the Georgia Insurers Insolvency Pool. Since 1985, the system has been continuously improved and new features and subsystems added.

 

Currently, the ISU / Insolvency Processing System handles:

• 17 states

• 200 (plus) different insolvencies

• 10 million (plus) UDS records

• 2.3 billion (plus) paid claims

• 14,000 (plus) open claims

• 1.2 billion (plus) outstanding reserves

Our most recent enhancements include:

•  UDS Financial Reporting (Version 2)

• The ability to transmit UDS claims to a FTP site.

• MSP (Medicare Secondary Payer) Subsystem

 ISU is committed to providing software for Guaranty Fund's.  ISU provides the most complete system available today and has full UDS capabilities.