MWW Group (for ISO)
MWW Group (for ISO)
ISO Announces New Tool for Tracking Circulars
JERSEY CITY, N.J., June 5, 2012 — ISO announced today the availability of a new tool that makes it easier for insurers to track the circulars ISO releases each day. The new ISO Circular Tracking Extract provides a handy compendium of important circular information — all in one consolidated Excel file. The extract contains information for all circulars issued that day, including the circular number and title, the circular effective date, line of business, state, filing number, status of action (such as filed or approved), and related circulars. The structured format of the extract enables insurers to systematically feed their circular tracking systems.
“ISO can issue more than 75 circulars each week. That’s a lot of information for insurers to keep track of,” said Mark Sheehan, assistant vice president, ISO. “Having all the pertinent circular information clearly listed in an Excel spreadsheet makes it much easier for insurers to prioritize and incorporate new circular information into their workflow.”
“We developed ISO Circular Tracking Extract in response to customer feedback requesting a faster, easier way to track this vital information. Using our service can free up valuable resources that insurers can reallocate elsewhere,” added Sheehan.
ISO circulars provide insurers with vital information on industry developments and ISO activities. Circulars deliver information on ISO filings for loss costs, rules, forms, and statistical plans, as well as actuarial data and analysis and other important insurance topics.
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial, underwriting, and claims information; policy language; information about specific locations; fraud-identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). For more information, visit www.iso.com and www.verisk.com.