Underwriting and Rating

ISO Risk Analyzer

Refine your risk segmentation with granular rating data and advanced analytics from ISO Risk Analyzer^®.

How do you refine your pricing to achieve profitable growth?

You could feel the impacts of adverse selection if your pricing segmentation doesn’t leverage advanced analytics. But building a proprietary analytics model can be extremely challenging and costly—and it will need regular updates with new data.

Grow your business profitably

Harness predictive modeling and powerful analytics to predict expected losses more accurately.

Pinpoint location-specific predictive loss costs

Evaluate the interactive effects of hundreds of variables to provide more refined estimates of advisory prospective territorial loss costs for major coverages.

Enhance your current rating plan

Incorporate sophisticated pricing refinement into your underwriting and rating or supplement your own models for precise, customized segmentation.

Enhance vehicle symbol rating and property classification definitions

Identify new market opportunities and classifications as they develop with granular vehicle symbols and fresh by-peril property ratings that are updated regularly.

ISO Risk Analyzer Commercial Auto offers sophisticated analysis to evaluate auto risks with more accuracy and to discover new opportunities to improve our position within the marketplace.

Casualty insurer

A top 50 US property/casualty insurer

Get rating intelligence tools covering:

Personal auto

Leverage innovative analytics to improve personal auto risk segmentation. With modules for driver history, vehicle symbols, and rating territory, ISO Risk Analyzer delivers the who, what, and where on your personal auto risks.

Homeowners

ISO Risk Analyzer Homeowners is a powerful analytic tool that uses predictive modeling to provide sophisticated pricing refinement. It examines hundreds of indicators that can affect risks and help predict the non-catastrophe portion of expected losses at the policy level by peril.

Commercial auto

ISO Risk Analyzer Commercial Auto leverages granular data and predictive modeling tools to assist insurers in underwriting, rating, and enhancing preexisting analytics. The modules provide output that can be used together or as stand-alone solutions.

Businessowners

ISO Risk Analyzer Businessowners uses predictive modeling and powerful analytics to examine hundreds of indicators to predict expected losses on a by-peril basis, helping insurers price small business risks more accurately.

Features and capabilities

Micro-geographies for micro-segmentation

Get a more granular view of risk by ZIP code/Census block group for more refined pricing than traditional insurance “territories”—and uncover differential risk profiles not previously captured in your rating plan.

Out-of-the-box use or custom modeling

Use the rating information as-is or analyze it further, aided by component scores along several variable categories in ISO Risk Analyzer. And you can feed these scores into existing proprietary models to integrate the captured signal in complex analytics.

Seamless integration and dedicated support team

Take advantage of quick and easy implementation of Risk Analyzer for customers familiar with the ISO rating content. Understand, code, and file predictive analytics with support from our Risk Analyzer-focused team.

Refined auto symbols and by-peril property rating plans

Deploy vehicle symbols that are based on analytics and incorporate VIN-derived characteristics and features. Enhance property rating steps with peril-specific relativities to better reflect the risk profile of each insured location.

Related resources

Stay in the know about important industry trends and innovative solutions.

Article

Precision and prediction: How predictive models can improve vehicle rating

The newest generation of ISO Risk Analyzer Personal Auto Symbols are now available, covering both Physical Damage and Liability.

Read the article

Article

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

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Webinar

Pricing with the Power of Predictive Analytics: ISO Risk Analyzer

Watch this webinar to learn how ISO Risk Analyzer® modules can help enhance rating methodologies with an array of risk characteristics.

View the webinar on demand

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