JERSEY CITY, N.J., September 10, 2001 — A powerful new research tool — ISO DataCubeTM — now provides to ISO statistical reporters a multidimensional Internet-based approach to analyzing critical insurance data in the extensive database of the Insurance Services Office, Inc. (ISO). ISO's database is the largest nongovernment database in the world, with 6.5 billion premium and loss records, and related statistics.
Accessed through ISOnet, ISO's password-protected site, ISO DataCube lets insurers explore any combination of elements in the database to examine the interactions between different types of information. For example, businessowners data can be sorted by latest available five years, separately or combined; state; class group, and individual classes within a group; type of loss (liability vs. property); or coverage (buildings vs. contents).
ISO DataCube is powered by Cognos® PowerPlay® business-intelligence database technology. Cognos adds depth to analysis, by enabling users to drill down to multiple levels within information categories. Within a category, users can view any or all of the measures available for that category.
Companies that report statistical data to ISO can order a customized cube containing their own data and ISO aggregate data. Customized data allows quick and effortless comparison between a company and the aggregate of all companies. Of course, ISO protects individual insurer proprietary interests by — as a matter of strict policy — not divulging individual company data. In addition, ISO DataCube is available only to insurers that report statistics to ISO.
ISO's database contains extensive information for ratemaking, reinsurance pricing, classification analysis, benchmarking, strategic planning, and underwriting and marketing plans.
ISO DataCube is available now for businessowners and at the end of this month for commercial fire and allied lines. General liability will be added later this year. In the first half of 2002, ISO will add commercial auto, homeowners, and personal auto liability. Personal auto physical damage and no fault are scheduled for later in 2002.
ISO is a leading source of information, products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; information about specific locations; fraud-identification tools; and data processing. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, and insurance regulators and other government agencies.