ChoicePoint Acquires Steel Card to Enhance Solutions for Personal Lines Property & Casualty Carriers

ChoicePoint (NYSE: CPS), Thursday announced the acquisition of California-based Steel Card, LLC and its Apogee™ product line. Terms of the acquisition were not disclosed.

Steel Card provides a comprehensive, Web-based personal lines software solution for the property and casualty insurance industry. The software includes capabilities that span the policy administration lifecycle, such as rating, rules, forms, Internet quoting, Internet purchasing and full policy processing for all personal lines.

Steel Card and its products will be integrated into ChoicePoint’s insurance software and process outsourcing business, Insurity, based in Hartford, Connecticut. These new capabilities will be marketed as part of Insurity’s Insurance Decisions suite of products and services.

“This acquisition is another strategic addition to our Insurance Decisions suite,” said Jeffrey Glazer, ChoicePoint’s senior vice president for Insurance Services. “We are continually seeking to expand the options and value we bring to our customers. The additional functionality from this acquisition will immediately bolster ChoicePoint’s personal lines capabilities.”