ISO Offers ProMetrix Suite of Services to Help Insurers Assess, Measure, and Manage Risk

JERSEY CITY, N.J., November 16, 2009 — ISO is now offering ProMetrixTM. This suite of services centers around ISO’s property information database — a site-verified source of underwriting and rating data on more than 3 million U.S.-based commercial buildings and their business occupants.

ProMetrix customers can access any combination of the following services:

  • ISO’s Specific Property Information (SPI Plus®) — online web access to all ProMetrix reports and services
  • ProMetrix API (application program interface) — an automated host-to-host connection between ISO’s and customer’s processing systems
  • LOCATION® Analyst Commercial — ISO’s spatial risk-management system for portfolio analysis
  • ProMetrix inside 360Value® — for replacement-cost valuations
  • ProMetrix inside TruExposureTM — for use in AIR Worldwide’s catastrophe modeling software

“ISO’s long history of collecting site-verified building data is unparalleled. ISO field representatives are trained to identify loss exposures and provide unbiased professional assessments. They gather accurate, high-quality information for ISO’s property information database during on-site building surveys,” said Kevin Kuntz, assistant vice president, Risk Decision Services at ISO. “ISO complements the data it collects with intelligent analytics, underwriting and rating information, and select third-party resources to offer customers a comprehensive solution.”

Insurers using ProMetrix can reduce their unit cost of data with licensed-based ordering and gain automated API access for commercial property business needs. The suite offers a rapidly growing inventory of on-site surveys of commercial buildings and provides seamless data integration and ease of use. ProMetrix also delivers continued online access to SPI Plus and eliminates manual data entry while streamlining the underwriting process.

“ProMetrix presents a state-of-the-art GIS for sophisticated risk management analyses with continued access to new products and services as customers’ needs require — customized to the way they do business,” said Bill Raichle, vice president, Risk Decision Services at ISO.
“By integrating the SPI Plus, LOCATION®, AIR, and 360Value® services into an automated package, we can deliver property metrics information to our customers,” adds Raichle. “It’s the information they need, where and when they need it. The ability to integrate the data into underwriting, business rules engines, catastrophe modeling, and estimated replacement-cost valuations makes ISO a one-stop shop for commercial underwriting information.”

About ISO
ISO, a Verisk Analytics subsidiary, is a leading source of information about risk, providing data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com  / ehelton@mww.com