ISO Audit Select is a powerful analytic tool that helps you make better premium audit decisions for each workers compensation policy. The model provides guidance on premium audit selection and the prioritization of audits.

ISO Audit Select gives your company a superior foundation for selecting which policies to audit and helps auditors evaluate each policy for premium potential early in the process. With ISO Audit Select, your audit team can identify policies with particular characteristics and collect additional premium sooner.

ISO Audit Select can help you:

• increase premium dollars
• lower your loss ratio
• improve ROI for the audit function
• maximize cash flow
• increase investment income
• underwrite future policies better

A model that helps you prioritize audits
The model looks at data from your entire book of business and applies third-party data to analyze similarities and differences in key business characteristics, operations, or attributes.

ISO Audit Select returns a report that prioritizes your company’s audits based on a descending model score. The higher the score, the greater the premium potential. The model classifies high scores as High Additional Premium, medium scores as Low Additional Premium, and low scores as Returned Premium.

With ISO Audit Select, you’ll be able to prioritize audits and manage your cash flow so that you receive additional premium as early as possible and pay returned premium when required, within contract terms.

And ISO Audit Select can help you develop business strategies to maximize your company’s resources. The model can suggest which type of audit — physical, telephone, or voluntary — your team should perform.

Find out more
For more information, contact your ISO sales representative or call 1-800-888-4476.