Keeping abreast of regulatory changes and updates to ISO commercial lines programs is expensive and time consuming. It doesn’t have to be.
ISO ERC Suite helps customers implement ISO circular changes more quickly so they can devote more time to revenue-generating activities.
Consider these ERC advantages
Using ERC cut workload by up to 60% when processing a typical ISO change
Shaved time by 70% when processing the change
ISO Circulars, on average, are issued each week
Focus on business goals
ISO ERC Suite helps you stay current and implement all the necessary changes ISO makes to its advisory loss costs, rules, and forms. By reducing the time and effort needed to analyze ISO circular changes, you can focus on achieving business objectives, including entering and competing in the marketplace.
ISO content from ISO: No one else can say that
With ISO ERC, you get a digital representation of:
Rating data from the ISO Commercial Lines Manual
Rules for acting on that data
Two deployment options
ISO ERC Suite offers these two deployment options for our ISO rating content:
ISO Electronic Rating Content™ (ERC)
ISO rating content using your own tools and systems
ISO rating content provided in files you can use with your rating engine and configuration software.
ISO ERC+software
Your jumpstart to digital ISO content
ISO rating content fully encapsulated within our rating engine and configuration software.
Each deployment option in the ERC Suite includes these components at no additional cost:
Automated Release Notes
Easy-to-understand business documentation describing ISO changes.
Automated Maintenance Feed
An XML file that makes it easy to import ISO changes directly into rating systems.
ISO ERC Suite is available for these ISO programs
- Commercial Umbrella
- Crime & Fidelity
- Cyber
- General Liability
- Non-ISO lines – ISO ERC Suite also supports non-ISO lines, including Workers' Compensation
Case Study: Starr Companies Achieves the Nearly Impossible
Starr Companies launched a new, nationwide Businessowners Policy program in under 6 months. (They had some help). From program development kickoff to nationwide sales, see how Starr achieved this nearly impossible, program launch timetable with ISO ERC and ERC partner Solartis.
Does ISO ERC deliver the goods?
Does cutting workload by 60 percent and shaving 70 percent off the time needed to update ISO rating programs sound good to you?
Guidewire and ISO ERC
See how ISO and Guidewire are partnering to deliver winning commercial lines solutions using ISO ERC.
Webinar: ISO ERC Success Story
How a national commercial auto rental company launched and stays current with ISO.
Verisk Strategic Alliances
Learn more about our partner companies who build on Verisk's offerings to create valuable products and services for insurers, agents, brokers, independent adjusters and others.
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