Key Features

ISO Rating Service® is the only automated rate-management system of its kind to provide these key features:

Ongoing interpretation of the manual rules by ISO line and actuarial experts — With ISO interpretation, there’s no guesswork — no translating ISO manual rules into computer programs, so you know it will function as intended by the insurance experts. ISO Rating Service is the only rating engine that can say that. This is an important point if you participate with ISO to manage your insurance products.

ISO content supported by automated updates to loss costs, rules, and policy forms attachment logic through ISOnetSM — You’ll receive timely automated updates direct from ISO. This feature provides a significant savings opportunity, as ISO typically makes 3,000 to 4,000 program changes per year in commercial lines alone.

Standardize on a single rating solution — Because it’s a fast, highly configurable rating and rate-management system, ISO Rating Service allows you to support your independent programs, as well as material from any advisory bureau, producing timely rating calculations at any point of sale or service. Regardless of your business mix, you get measurable savings from unifying your rating system on a single platform while eliminating redundant, resource-intensive rate validations and testing.

Technical specifications file to show precisely how ISO implemented the functionality — The technical specifications provides the implementation-level details for how ISO supports premium calculations, forms attachment logic, statistical code assignment (according to ISO’s full statistical plan), and validation messages.

Sample Test Case — You can use the sample test case to verify you receive the same results as ISO for the ISO base.

Rate-management tools that facilitate company maintenance and analysis of ISO updates — You can make fast and efficient adjustments to any ISO-based product. The ISO Rating Service rate-management reporting utility identifies — and helps you understand — the variations between different versions of an insurance program. You’ll be able to analyze how a new ISO revision will affect your company’s rating structure, program modifications, and premiums. You can easily decide which ISO revisions to adopt and when to implement them. ISO Rating Service lets you see how an ISO update interacts with your deviations and what specific changes you need to make. You can also use the advanced product-management tools to customize ISO advisory content in response to your sales, underwriting, and service priorities.

Component-based, XML-driven design that facilitates interface with quote, and policy administration systems — You can integrate ISO Rating Service into your existing IT infrastructure or vendor policy administration platform, giving you freedom of choice and uninterrupted ISO support.

For more information . . .
. . . about ISO Rating Service — or to get in touch with a sales representative — contact ISO. You can also call us at 1-800-888-4476.