ISO Actuarial Products and Services

Pricing insurance is a professional challenge. Unlike most businesses, insurers can't set their prices based on known costs for production and distribution. Instead, insurers need to project future claim costs by examining data from the past. Such projections are reliable only when the insurers have a sufficient amount of data. That's where ISO comes in.

ISO pools data from many insurers. Our actuaries then perform sophisticated analyses to help customers with their pricing, loss reserving, and marketing. ISO's actuaries also consult with and supply information to a wide variety of customers in government, real estate, banking, and other industries.

We distribute a vast array of actuarial products and offer flexible services to meet customers' needs. For example:

Using statistics gathered from insurers, we develop advisory prospective loss costs — accurate projections of average future losses and loss-adjustment expenses, overall and by class. Those estimates provide a basis for insurers to develop their own independent rates.
We prepare customized reports and data files according to customers' specifications.
Our actuarial consultants help customers analyze actual losses, develop classification systems and rating plans, perform dynamic financial analysis (DFA) to manage capital, and make a wide variety of other business decisions.
We help customers understand actuarial techniques — either through individual consulting or by conducting classes and seminars.

For a complete list, see Services for Commercial Lines Actuaries and Services for Personal Lines Actuaries.

All ISO Services are available to property/casualty insurers and reinsurers. How to Get ISO Products and Services explains how to sign up and choose your package of services.

Many ISO products and services are available to other companies and organizations. In most cases, you will need to sign a separate license agreement — for which there may be a fee — to receive our products and services. For details on the products available, try our Product Finder. To ask a question or get in touch with a sales representative, contact ISO. You can also call us at 1-800-888-4476.

Return to the Overview of ISO Products and Services.