One byproduct of your business involves collecting risk data. What you do with that data, however, can make or break you. Incomplete or inaccurate reporting and noncompliance threaten your bottom line when you lose your grip on your own data. The ISO Preferred Data Partnership can help.
Verisk Commercial Lines Consulting provides timely, relevant, action-oriented input to assist you in underwriting, product management and development, automation, analytics, and strategic planning. Our consultants can give you the edge you need to attain return-on-investment (ROI) goals, meet operational and underwriting objectives, and overcome market challenges.
There are times when you need very specific research to evaluate a strategy, market, or new business direction. When you don't have the resources available on staff, ISO can help by gathering, evaluating, and reporting on trends and developments in the marketplace — and gauging their effects on your current or potential business. We'll draw on the same databases, expertise, and other ISO resources that underlie the acclaimed ISO Insurance Issues Series studies.
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.
ISO can help you with a variety of reinsurance-related problems. For example, with our PSOLD (Property Size-of-Loss Database) and MILD (Multi-Distributional Increased Limits Developer) software, we can help you determine a fair price to pay for your excess-of-loss reinsurance. Most reinsurers and reinsurance brokers use the same tools in determining their pricing.
ISO's Capital Management Consulting Services can help you deal with the dynamics of capital management, investment, and risk financing. And we can help you evaluate your situation in the context of enterprise risk management. ISO's consultants can assess your situation through dynamic financial analysis (DFA), using ISO's Underwriting Risk Model to gauge the insurance aspects.
Think of ISO's actuaries as your actuaries — here to help you, particularly when you're operating with a lean staff or no actuarial staff at all. Even if your company is a major national writer with a large staff of actuaries, ISO's Actuarial Consulting Service can provide an effective alternative to deal with specific problems better, faster, and more efficiently than diverting your in-house actuarial resources from other critical projects.
Your company's survival may depend on whether you can withstand a large catastrophe. With ISO's Catastrophe Consulting Service, you can work with our actuaries and the most extensive database in the industry to manage your hurricane catastrophe exposure. We can work with you, using one of the industry's leading catastrophe modelers — AIR Worldwide Corporation. Our Catastrophe Consulting Service will also help you manage your exposure to other natural disasters.