ISO MarketWatch® can help turn unique problems into unique opportunities. You can find out how by listening to our recorded web seminar on the topic. Just think about having premium-change information — by line of business by state by subline — plus monthly data published quarterly. It’s hard to beat what this service offers. ISO [...]
Tagged as:
analytics,
reinsurance,
webinars
Brian Passell, managing partner of Razors Edge Consulting, launched the 2012 Insurance Fraud Management (IFM) Conference with a keynote address focusing on the state of antifraud efforts in the insurance industry. Passell shared some lively stories from his successful career, which includes ten years as Progressive’s claim president, as well as key strategies for battling fraud in [...]
Tagged as:
claims,
fraud,
IFM conference,
NICB,
underwriting
You hear product liability risk and maybe you’re put off at first. Perhaps you’re thinking, “Please don’t let it be about a fireworks warehouse.” Then you hear terms such as negligence, strict liability, and breach of warranty, and you get nervous. Add expressions such as concealed dangers, compliance, and adequate warnings, and you’re running for [...]
Tagged as:
compliance,
manufacturer,
product liability risk,
underwriting,
webinars,
wholesaler
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
If you’re familiar with GLM, Bailey’s methodologies, and the Tweedie distribution, where p = 1.67, then you may want to watch our web seminar on the Personal Auto Class Plan. If you don’t know about Tweedie — no, I don’t mean the little yellow bird — then you may need to watch the session. During [...]
Tagged as:
Auto insurance,
class plan,
drivers,
personal auto,
rating,
webinars
Out of curiosity, who knows what line of business you’ll find in Division 11 of ISO’s Commercial Lines Manual? If you’re like me, you probably don’t keep track of such things unless you have a reason to. Well, I now present you with a very good reason. Division 11 supports ISO’s Employment-Related Practices Liability Program, [...]
Tagged as:
claims,
commercial lines,
employment,
liability,
manual,
social media
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
As 2012 begins, we at Verisk are proud to be entering the fourth year of our Monday Web Seminar series. And we’re delighted to announce that Verisk Analytics President and Chief Operating Officer Scott Stephenson will lead off with his fourth annual Industry Outlook presentation. In this year’s session, Mr. Stephenson will assess industry developments [...]
Tagged as:
analytics,
data distribution,
digital,
technology
For the property/casualty insurance industry, 2011 was a remarkably “sharing” year. I don’t mean what you think. I’m talking about sharing on social media websites. Of the eleven most shared events during the year, three were directly related to property loss. The Japanese tsunami, Hurricane Irene, and the U.S. East Coast earthquake were major occasions [...]
Tagged as:
fraud,
Hurricane Irene,
rating,
smartphones,
social media,
underwriting
