New analytic tool determines by-peril loss propensity

October 1, 2013 / 1 min read

Assuming that “a house is a house is a house” when rating and underwriting homeowners policies can be disastrous. Even homes on the same street of similar age, size, and replacement cost value can vary widely from each other in their susceptibility to certain perils and the associated loss potential.

The ISO Risk Analyzer^® Homeowners Building Characteristics Module is a powerful new analytic tool that incorporates property-specific features, including age of roof, number of rooms, square footage, and lot size; amenities such as pool and finished basement; and other construction-related variables to project highly refined loss cost relativities by peril. By examining how specific building features and characteristics can affect each individual peril’s contribution to the total loss cost, the new module provides a more sophisticated way to analyze your loss exposure and identify the key drivers of loss costs so you can develop a premium more appropriate for a particular home.

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