Predictive Modeling

 

Verisk has long been a leader in the use of predictive analytics and modeling to help insurers improve their bottom line

For the personal auto, homeowners, businessowners, and commercial auto lines of business, we offer a suite of predictive models that examine the interactive effects of hundreds of rating variables to predict expected losses at the individual-policy level. Our models determine more accurate loss cost estimates for segments of your business, so you’ll be able to refine your pricing to set premiums that more closely reflect the associated risk.

For medical fraud detection, we apply predictive analytics to your medical billing data to identify suspicious providers that may otherwise go unnoticed. By combining our analytics with the expertise of our analysts, we’re able to identify fraud at the source in the earliest stages of the process, giving you a significant advantage in the fight against spiraling costs.


Products and Services

ISO Risk Analyzer Commercial Auto leverages granular data and predictive modeling tools to assist insurers in underwriting, rating, and enhancing preexisting analytics through examining the interaction of hundreds of risk-specific variables.

ISO Risk Analyzer Homeowners examines address-specific risk factors, construction-related variables, as well as expected losses by major weather peril.

ISO Risk Analyzer Businessowners can help you more accurately select and price your small business risks by providing you with a highly detailed look at how major perils affect the loss potential of those risks.

ISO Risk Analyzer Personal Auto suite of predictive models can help you achieve better segmentation by examining the interaction of hundreds of risk-specific variables to develop advisory prospective loss costs.

ISO’s Actuarial Service provides the information you need to enhance your decision making and boost your productivity and profitability.