P&C Industry Executives Name ISO #1 for Claims AnalyticsBy James Horner | December 17, 2012
In a recent survey of property/casualty insurance industry executives Verisk’s ISO claims analytics offerings ranked number one, as reported in Insurance Networking News (INN). “Verisk/ISO was perceived most positively in terms of both performance and cost,” said INN.
Claims executives’ selection of Verisk/ISO as the leader in both analytics performance and cost demonstrates that the industry recognizes the value ISO claims analytics provides and how powerful results needn’t require heavy investment.
The integration of our systems mitigates risk and expenses pertaining to:
- system implementation and maintenance
- data sharing and integration across systems
- the effects of new systems on existing operations
- use of the systems to support daily claims handling activities
In addition to ISO ClaimSearch® — which helps 93 percent of the property/casualty industry (as measured by direct written premium) streamline claims evaluation — we offer a wide range of other systems to help improve the speed and accuracy of claims-related decision making. As a result, adjusters can more effectively determine which claims to fast-track and which to refer to SIU for further investigation.
ISO Claims Solutions also helps adjusters identify and apportion liability and quickly attain fair and fast settlements. The ISO Claims Outcome Advisor® (COA™) suite helps adjusters remain consistent with company standards, with each other, and with a carrier’s payment history. Carriers can also use it to improve and accelerate the effectiveness of newly hired claims professionals while keeping seasoned professionals fresh.
ISO Claims Solutions is excited to be property/casualty claims executives’ choice as the industry leader, and we look forward to continuing to serve the industry.
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