Rating Service

Novarica report reveals insurers save significant time and money using ISO content in electronic format

Novarica (a division of Novantas that conducts independent research) recently released a report showing that, by using ISO content in electronic format, insurers have realized on average: - a 39...

Algorithms and Other Enhancements Take the Struggle out of Automating

We’ve posted many times about the complexity of automating insurance rating: how it’s time-consuming, error-prone, and diverts resources you could be using to focus on your own deviations. And we’v...

New Novarica Report Highlights Vendors Relationship with ISO

Among the questions insurers should ask when choosing a rating system are whether the vendor has a formal business alliance with ISO and whether the provider offers a subscription service for...

Predictive analytics: Changing the way insurers think about their homeowners risks

There was a time when homeowners underwriting and rating basically followed the old adage "a house is a house is a house." But over the past ten years or so, the homeowners market has grown...

New ISO Circular Tracking Tool Receives Great Reviews

We’ve been listening to our customers about the challenges they encounter in handling regulatory content — loss costs, rules, forms, statistical codes, and business edits. The process of managing...

General Liability Rating and Classifications

BYOB. Now that I’ve grabbed your attention with a common abbreviation — one discussed in this web seminar, by the way — allow me to present you with some uncommon ones. In fact, I hope you’re hungr...

New Tool on the Horizon to Help Track ISO Circulars

At ISO, our customers have told us about the challenges they encounter in handling regulatory content — loss costs, rules, forms, statistical codes, and business edits. Insurers depend on ISO...

How One Insurer Beat the Clock and Expanded Its Business

In ISO’s just-released case study, “Forty-Six States in Two Months: How One Insurer Implemented ISO’s Commercial Auto Rating in Record Time,” an insurer tackles an opportunity to expand its busines...