ISO Online Portal Delivers Rating Information to the Non-admitted Market

JERSEY CITY, N.J., March 17, 2014 — ISO today announced the creation of a new online insurance portal that delivers the loss costs and rating factors underwriters and actuaries need to succeed in the non-admitted market. The ISO portal provides the foundation for a more technical approach to underwriting and rating. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).

“The ISO portal is more than just an online connection to our data. It’s a virtual rating and benchmarking tool for the non-admitted market,” explained Beth Fitzgerald, senior vice president for ISO Insurance Programs and Analytic Services. “The portal provides reliable information underwriters can use to develop technical pricing for many lines of insurance.”

Recognizing the different structure and level of granularity required by the non-admitted market, ISO developed the portal to deliver ground-up loss costs and industrywide benchmarking information in an easy-to-use online delivery system.

The portal offers several different views of loss costs and rating factors:

  • A heat map offers a graphical representation of loss costs on a map of the United States. For a set of selected criteria, the heat map offers statewide and national averages at a glance and the ability to drill down to territorial detail with a single click.
  • The class view offers a tabular presentation of the loss costs for an individual class. This table also provides a link to the associated circular with detailed actuarial support for the loss costs. Underwriters can easily export results to an Excel spreadsheet.
  • The state view offers a tabular presentation of all of the classes in a selected state — with the circular links and export features included.

The portal offers loss costs and rating factors for 17 lines of business and can swiftly perform a benchmark rating calculation for those lines.

“Underwriters can use the portal to download our loss costs and rating factors at the touch of a button. Then, they can incorporate that information into their own rating models,” said Joe Palmer, assistant vice president and actuary with ISO’s Commercial Multi-Line Actuarial Division.

As an added benefit, the portal also connects seamlessly to ISO’s PSOLDTM (Property Size-of-Loss Database) offering. That integration allows customers to use ISO’s commercial property loss costs as a benchmark when evaluating how to price layers of risk.

About ISO
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial underwriting, and claims information; policy language; information about specific locations; fraud identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). For more information visit and


Erica Helton/Giuseppe Barone
MWW Group (for ISO)

Archived Press