Auto Underwriting and Risk Management

Gain greater insight into the vehicles you insure. Learn how vehicles are equipped right from the factory by using the full 17-digit vehicle information number (VIN).

To estimate underwriting risks accurately and calculate suitable premiums, you need complete information on all potential drivers within each policyholder household. Maintaining an accurate assessment is challenging, but our Policy Monitoring program can help.

Do the drivers you insure have violations or license suspensions in their past? Self-reported driving histories are subject to omissions that can distort a critical underwriting and rating factor. But cost-efficient tools can deliver timely, detailed, and reliable driving history and risk information where and when it's needed.

Understanding claims history is critical to accurate initial quoting, but to save money, many insurers delay ordering loss history data until just before bind. Verisk can deliver customizable loss history options at point of quote to help optimize expenses.

There’s a strong relationship between mileage and insurance claims. As annual mileage increases, so does loss frequency. Accurate mileage matters, but many insurers struggle to capture it. They may accept unreliable self-reporting by policyholders, use overly broad bands, or skip mileage altogether. Verisk’s mileage solutions can help insurers meet the challenge.

CV-Exchange helps you streamline your processes for loss payee notifications, additional-insured notifications, and producer notifications. The system uses NoticeLink, an electronic service that quickly delivers data and significantly reduces returned mail.

The ISO Risk Analyzer suite of predictive modeling tools offers robust modules to help you classify, segment, and price your personal auto insurance risks with confidence. The modules provide output you can use as stand-alone analytics or as an enhancement to your current modeling solution.

Determining the proper premiums for personal auto policies can be tricky business, especially for collision and comprehensive coverages. But it doesn't have to be. With ISO's VINMASTER and your software, you can quickly and easily identify an automobile's current ISO Vehicle Series Rating Symbol without knowing its VIN.

ISO's advisory prospective loss costs are accurate projections of average future claim costs and loss-adjustment expenses — overall and by coverage, class, territory, and other categories.

ISOnet — the information service for insurance professionals — offers you access to all ISO circulars issued since January 1, 1995. ISO circulars deliver information on ISO filings for loss costs, rules, forms, and statistical plans.

ISO’s Actuarial Service provides the information you need to enhance your decision making and boost your productivity and profitability. Using ISO’s data to supplement your own experience, you’ll be able to make better-informed decisions about product pricing, marketing, underwriting, reserve adequacy, and reinsurance needs.

Verisk's RISK:check Point of Sale screening technology is the most advanced predictive model for underwriting available to the personal auto market today.