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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 Index ISO 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…
ISO MedSentryTM is the industry’s first integrated model to detect medical fraud. ISO MedSentry combines the strength and efficiency of advanced analytics with the quality and vigor of our clinical experts’ analyses to set a new standard in the early detection of fraud. Medical fraud: A critical problem Medical fraud…
A powerful way to: evaluate your commercial auto risks with more accuracy target your marketing, underwriting and pricing efforts discover new opportunities to improve your competitive differentiation The environmental module of ISO Risk Analyzer Commercial Auto provides sophisticated analysis for two classes of commercial auto business: local/intermediate trucks, tractors, and…
Determining homeowners risk, peril by peril ISO 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:…
ISO's Actuarial Service Information That Enlightens ISO’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.…
Actuarial Consulting Service Pricing, Reserving, and More Think 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 can provide an…
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