JERSEY CITY, N.J., April 11, 2006 — ISO's Automobile-Property Loss Underwriting Service (A-PLUS™) has reached another significant milestone, with more than 900 insurance companies — representing over 91 percent market share in direct written auto premium — providing auto loss data to A-PLUS Auto.
ISO's A-PLUS Property is already an industry leader in the personal and commercial property and liability space with more than 1,350 companies — nearly 95 percent market share in personal lines direct written property premium — providing loss and claims information.
"The exponential growth in the size of our auto database reflects the ongoing support and confidence insurers entrust in A-PLUS as a comprehensive repository of underwriting information," said Steven Craig, general manager of A-PLUS. "In addition to providing insurers with auto claims histories of insurance applicants for underwriting risks, A-PLUS Auto has made significant investments in data and technology to become a 'go to' industry resource on underwriting."
ISO introduced the A-PLUS Auto database in late 2003 and has been expanding the number of insurance claims histories and the type of data available to underwriters in the database. The A-PLUS Auto database's new features include information for an underwriter to know that a vehicle had been salvaged or it was stolen in Mexico. The system will indicate an insurance applicant's address is actually a mail drop and not a valid residence or that a car's odometer has been rolled back.
"This breadth and depth of data can help underwriters thoroughly understand the nature of the risk they are insuring, enabling them to write a higher quality and more profitable book of business," Craig added.
ISO will continue expanding the Auto and Property services of the A-PLUS database during 2006, including commercial lines information. For more information on A-PLUS and other underwriting information services from ISO, contact ISO Customer Service at 1-800-888-4476, or send e-mail to: email@example.com.
ISO's A-PLUS is the largest property, liability and auto claims database for insurance underwriters. With A-PLUS, underwriters can independently evaluate the potential underwriting profitability of individual personal and commercial risks and risk locations.
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. Clients 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. For more information on A-PLUS services, please visit www.verisk.com/iso