ISO Electronic Rating Content™ Suite
Value on Day 1
Automate your ISO-based insurance programs with actionable ISO rating content directly from ISO
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?
Consider the following:
work days is the average length of time an insurer spends manually processing an ISO update
of the time is spent analyzing and interpreting
the change
of the time is spent implementing the change in the insurer’s systems
ISO circulars, on average, are issued each week
There is a better way
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.
ISO content from ISO — No one else can say that
With the ISO ERC Suite, you get an automated representation of:
- the rating data from the ISO Commercial Lines Manual (such as advisory loss costs and list of valid limits/deductibles)
- the rules for acting upon that rating data (such as premium calculations)
Two deployment options
Because insurers and vendors have different needs and strategies, ISO ERC Suite offers two deployment options for our ISO rating content:
ISO ERC
ISO rating content provided in files you use with your existing rating engine and configuration tool software.
ISO ERC+software
ISO rating content fully encapsulated within our rating engine and configuration tool software.
To totally transform your maintenance process, both options include these components at no additional cost:
- Automated Release Notes - easy-to-understand business documentation describing ISO changes.
- Automated Maintenance Feed - an XML file that allows for easy importing of ISO changes directly into rating systems.
Available lines
ISO ERC Suite is available for these ISO programs:
-
Businessowners
Commercial Automobile
Commercial Inland Marine (filed and nonfiled)
Commercial Package Policy
-
Commercial Property
Commercial Umbrella
Crime & Fidelity
Cyber
General Liability
ISO ERC Suite also supports non-ISO lines, including:
Workers' Compensation
Also in the suite:
ISO Circular Tracking Extract — Keep track of and prioritize incoming circular information with ease
Video
Case Study