WHAT: Reliable address-specific information is key to ensuring quality underwriting and appropriate pricing of property insurance.
ISO experts will host regional seminars in five cities to discuss methods to improve the management of insurers' property portfolios with accurate location-specific information. ISO experts provide an overview of geographic information system (GIS) techniques and tools that are commercially available to implement, as well as discuss what ISO has done with this state-of-the-art technology. ISO will also discuss how proper Public Protection Classification (PPCTM)may make a significant difference in underwriting results and impact premiums and loss ratios. The seminars demonstrate the value of a robust PPC program and the impact of other important location-specific information on setting premiums for policies, including flood, earthquake, hurricane, tornado, hail, distance to coasts, windpools, crime, Premium Tax and Building Code Effectiveness Grading Schedule(BCEGSTM).
ISO experts will discuss the value of LOCATION®, an automated underwriting decision-support solution to address these critical issues. LOCATION leverages the power of advanced GIS technology to provide risk information on residential and commercial properties by street address throughout the United States.
WHEN & WHERE:
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Professionals use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets.