At ISO, our customers have told us about the challenges they encounter in handling regulatory content — loss costs, rules, forms, statistical codes, and business edits. Insurers depend on ISO circulars to supply that information, and some find it difficult to update the rates and rules in their existing systems. The process of managing some [...]
Mark Sheehan
How One Insurer Beat the Clock and Expanded Its Business
by Mark Sheehan on March 13, 2012
in Auto,Underwriting
In ISO’s just-released case study, “Forty-Six States in Two Months: How One Insurer Implemented ISO’s Commercial Auto Rating in Record Time,” an insurer tackles an opportunity to expand its business by partnering with a premier insurance agency. The new venture would complement the insurer’s existing truck business, but to capitalize on the opportunity, it needed [...]
Tagged as: algorithms, auto, case study, rating service, underwriting
How Are Insurers Using ISO’s New Algorithm Files?
by Mark Sheehan on February 2, 2012
in Auto,Underwriting
An interesting case study from ISO is in the works. The headline is “Forty-Six States in Two Months: How One Insurer Implemented ISO’s Commercial Auto Rating in Record Time.” We’re still developing the final report, but already the findings are clear. The newly formatted ISO Rating Service® and ISO Electronic Rating Content algorithm files, which [...]
Tagged as: algorithms, auto, automate, commercial, loss costs, rating, rules
