It’s no secret that manual implementation of ISO circular changes is an ongoing challenge for carriers. But do you know just how much valuable time and resources are expended?
work days is the average length of time an insurer spends manually processing an ISO update
of the time is spent analyzing and interpreting
of the time is spent implementing the change in the insurer’s systems
ISO circulars, on average, are issued each week
With ISO Electronic Rating Content™ (ERC) Suite, you can now easily keep up with the numerous, but necessary changes ISO makes to its advisory loss costs, rules, and forms. And you can significantly reduce the time and effort needed to analyze ISO circular changes, so you can focus more on the business impact of the changes than on the manual interpretation of the ISO rules.
With the ISO ERC Suite, you get an automated representation of:
Because insurers and vendors have different needs and strategies, ISO ERC Suite offers two deployment options for our ISO rating content:
ISO rating content provided in files you use with your existing rating engine and configuration tool software.
ISO rating content fully encapsulated within our rating engine and configuration tool software.
ISO ERC Suite is available for these ISO programs:
Commercial Inland Marine (filed and nonfiled)
Commercial Package Policy
Crime & Fidelity
ISO ERC Suite also supports non-ISO lines, including:
ISO Circular Tracking Extract — Keep track of and prioritize incoming circular information with ease