Informed Pricing Decisions
One of the biggest challenges to underwriting cyber insurance is lack of access to data. Without access to the information you need to quantify and adequately price exposures, it can be difficult to build the deterministic and loss aggregation models to supplement your risk analysis.
ISO provides access to refined class-level pricing related information, enabling you to account for industry-specific differences in risk.
- Frequency model based on more than 1.7 million distinct risks representing $23 trillion in revenue
- Severity model based on $2.5 billion in losses
- Highly granular class-level segmentation—up to 4-digit NAICS codes
- Increased limits factors for high and low hazard groups, providing strong fits up to a $50 million limit
ISO advisory loss costs are also available for each insuring agreement and many endorsements and vary by company size (small businesses to $100 billion in global revenue).