Rating

FLASH 2014: Revelations around resilience

Recently, ISO Community Mitigation manager Ralph Dorio and I attended the 2014 FLASH Annual Conference in Orlando, Florida. FLASH , the Federal Alliance for Safe Homes, is one of the country’s leading nonprofit consum...

ISO Portal Opens Up New Level of Detail to E&S, Reinsurance Markets

It’s not surprising that excess and surplus (E&S) underwriters have traditionally been forced to rely on experience and judgment to price insurance policies. After all, the non-admitted market is about as varied as yo...

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 percent reduction in...

New Portal Provides Virtual Rating and Benchmarking for the Nonadmitted Market

Pricing insurance in the nonadmitted market is one of the toughest tasks for underwriters, as they try to rate new, niche risks with limited historical data. But it can be much easier with our new online portal . The...

Sinkhole season: Why now?

Sinkholes can happen any time, but for a number of reasons they’re more prevalent from early spring until late summer — the unofficial Florida “sinkhole season.” The entire state of Florida is vulnerable to sinkholes....

Crime in the United States 2012 Report Released

The Federal Bureau of Investigation (FBI) recently released its Crime in the United States 2012 Report . The FBI estimates that property crime decreased 0.9 percent in 2012 compared with the 2011 figures. The 10-year...

Embracing By-Peril Rating: The Time Is Now to Do Things Better

In the homeowners line, direct written premiums have increased steadily over the past five policy years, according to A.M. Best 2011 Financials. That’s indeed promising news for insurers. But gaining a bigger share of...

Seven ISO Experts to Speak at Upcoming CAS Seminar

The CAS Ratemaking and Product Management (RPM) Seminar — scheduled for March 11 to 13 in Huntington Beach, California — will feature as speakers and moderators seven actuarial experts from ISO. Among them is David...

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've posted about our...

Verisk Conference to Offer Sessions Targeted for Property Insurers

April’s Verisk Insurance Solutions Customer Conference is just around the corner. It’s a great opportunity for leaders in our industry to come together, share ideas, and get insights from experts across the industry a...