Among the questions insurers should ask when choosing a rating system are whether the vendor has a formal business alliance with ISO and whether the provider offers a subscription service for maintaining ISO products, according to a report from industry analyst Novarica, as noted in Insurance Networking News. That question is critical, because remaining current with [...]
Tagged as:
circulars,
commercial lines,
ERC,
Insurance Networking News,
loss costs,
manuals,
Novarica,
rating service,
rules
We’ve been listening to our customers about the challenges they encounter in handling regulatory content — loss costs, rules, forms, statistical codes, and business edits. The process of managing some 4,000 circulars issued each year is too complex and cumbersome, customers have said, and they look to ISO for help. That’s why, in early June, [...]
Tagged as:
circulars,
ERC,
loss costs,
manuals,
rating service,
rules,
underwriting
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 [...]
Tagged as:
circulars,
ERC,
loss costs,
manuals,
rating service,
rules,
underwriting
Each year, ISO submits thousands of regulatory filings that change our insurance programs. We annually review almost 15,000 bills, new laws, court cases, and regulatory actions. And that number is up by about 20 percent in just the last five years. To keep track of what’s going on, you need ISOnet — the information service [...]
Tagged as:
forms,
loss cost,
manuals,
webinars
