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Predictive Modeling

Verisk has long been a leader in the use of predictive analytics and modeling to help insurers improve their bottom line.

For the personal auto, homeowners, businessowners, and commercial auto lines of business, we offer a suite of predictive models that examine the interactive effects of hundreds of rating variables to predict expected losses at the individual-policy level. Our models determine more accurate loss cost estimates for segments of your business, so you’ll be able to refine your pricing to set premiums that more closely reflect the associated risk.

For medical fraud detection, we apply predictive analytics to your medical billing data to identify suspicious providers that may otherwise go unnoticed. By combining our analytics with the expertise of our analysts, we’re able to identify fraud at the source in the earliest stages of the process, giving you a significant advantage in the fight against spiraling costs.

Predictive Analytics

Randall Day, director of Claims Solutions at ISO Claims Partners, recently spoke with Insurance Thought Leadership editor Paul Carroll about predictive analytics.

Products and Services

ISO Risk Quality IndexISO Risk Quality Index is an insurance-risk prospecting tool — available for both homeowners and personal auto — that uses predictive analytics to help you achieve your marketing objectives. Now you can identify potential customers based on a wide variety of characteristics related to risk. And you…
ISO Risk Analyzer Commercial AutoYou’re searching for solutions to improve the profitability of your commercial auto book while meeting demand for this expanding market. If you’re like many carriers, rate adjustments may have not provided the required lift needed to deliver profitability.To better estimate underwriting risk and calculate suitable premiums, you need comprehensive information about…
ISO Risk Analyzer HomeownersDetermining homeowners risk, peril by perilISO Risk Analyzer® Homeowners is a powerful analytic tool that uses predictive modeling to examine hundreds of indicators that can affect your homeowners risks and predict the noncatastrophe portion of expected losses at the policy level by peril.ISO Risk Analyzer Homeowners currently offers:the environmental and rating factors…
ISO's Actuarial ServiceInformation That EnlightensISO’s Actuarial Service provides the information you need to enhance your decision making and boost your productivity and profitability. Using ISO’s data to supplement your own experience, you’ll be able to make better-informed decisions about product pricing, marketing, underwriting, reserve adequacy, and reinsurance needs.Through the service,…
Actuarial Consulting ServicePricing, Reserving, and MoreThink of ISO's actuaries as your actuaries — here to help you, particularly when you're operating with a lean staff or no actuarial staff at all. Even if your company is a major national writer with a large staff of actuaries, ISO's Actuarial Consulting Service…
Atmospheric and Environmental ResearchVerisk's Atmospheric and Environmental Research (AER) business is a leading source of research and services that further understanding of the global environment and enable better decision making in response to weather and climate-related risk.AER’s areas of expertise include:weather and climate prediction and dynamicsocean modeling and data analysisair…