Auto Underwriting and Risk Management


Personal Auto

We offer a full range of products and services for personal auto insurers, including tools for underwriting and rating, fighting fraud, catastrophe management, telematics, application prefill, policy programs, and predictive analytics. Our actuarial, underwriting, and consulting services help you manage risk, reduce policy acquisition costs, improve rate classification integrity, and support your growth and retention strategies.

We provide loss histories to help you properly underwrite auto policies and estimate the level of risk — and determine what it’s likely to cost your company to issue a policy based on an applicant’s history of prior losses. Our personal auto policy-level information helps you verify coverage representations on the application and support market pricing and segmentation. You’ll also get coverage lapse and policy detail information.

Our motor vehicle reports (MVRs) give you information about traffic violations and accidents for your potential insureds — the timely and comprehensive information you need for effective auto underwriting. We offer a program that lets you monitor policyholder driving records for changes. And we offer a system to help you identify policyholder error or fraud at point of sale or point of quote.

Our mobile app helps add pricing accuracy, streamline the underwriting process, and identify fraud. Consumers and agents can use the application to conduct physical inspections and provide document images. Our claims management and fraud tools help you manage the auto claims process, and our compliance and reporting tools help you satisfy auto reporting requirements. Our suite of predictive modeling tools helps you classify, segment, and price your personal auto risks.

Products and Services

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 vehicle identification number (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 a collection of more than 9,000 personal and commercial forms and endorsements. The Forms Library contains all simplified ISO forms in effect (based on ISO filings) on or after January 1, 1994.

To manage your company's policy forms and endorsements — and to ensure compliance with state regulations — you need ISO's Forms Information/Report System.

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.