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ISO Rating Service® is a comprehensive, automated rate-management system featuring a powerful combination of advanced technology and product-management tools. With ISO Rating Service, you get ISO advisory information loaded into a powerful rating engine — plus rate-management decision tools and continual ISO updates.
ISO Rating Service gives you an efficient process for adopting, managing, and implementing ISO insurance program revisions.
Key features
We designed ISO Rating Service in response to insurers' requests for a way to automate the complex, labor-intensive, and costly process of policy rate maintenance and management. Read a special report on how ISO Rating Service meets insurers' needs.
ISO Rating Service is the only system of its kind to provide these key features:
- ISO content supported by automated updates to loss costs, rules, and policy forms through ISOnetSM
- patented inheritance-based methodology (U.S. patent number 7,322,030)
- component-based, XML-driven design that facilitates interface with quote, submission, and policy-administration systems
- ongoing interpretation of the rating rules by ISO line experts and actuaries
- rate-management tools that facilitate company maintenance and analysis of ISO updates
Read more about the key features of ISO Rating Service.
A next-generation solution to your business needs
Unlike other rating products, ISO Rating Service is an end-to-end system that can help you:
- reduce the expense and effort associated with administering disparate processes and resources
- establish a market-responsive environment and increase sales and service productivity
- streamline your rate/quote and service processes
- enhance rate-maintenance workflows and improve performance
- shorten turnaround time on rate revisions and compress product-implementation time frames
- improve the competitive advantage of your products among distributors and policyholders
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.
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. |
| "ISO Rating Service's software development best practices, combined with a sound mentoring program, provide Hermitage Insurance with a solid foundation for success."
Andy Roos, Chief Information Officer, Hermitage Insurance | |