AQS, Inc., a provider of policy administration systems for commercial property/casualty insurance, has announced the acquisition of the assets and corresponding personnel of the AscendantOne Policy Management Suite from ISO Insurance Technology Solutions (ISO-ITS), a unit of Insurance Services Office, Inc. (ISO). Terms of the transaction were not announced.

The acquisition gives AQS broader carrier-service options, as the company adds the capabilities of the AscendantOne suite and the associated rate-management capabilities to its current policy administration offerings. As part of the transaction, AQS will obtain the tools used to maintain the ISO Rating Service software. ISO retains ownership of ISO Rating Service and will maintain and support the advisory loss costs, rules, and forms contained in ISO Rating Service.

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