Looking to jumpstart your implementation of ISO content for rating purposes?
ISO ERC+software provides a digital/electronic representation of the ISO Commercial Lines Manual with implementation details provided by the ISO line and actuarial experts who write the manuals. No one else can say that!
ISO ERC+software is the only system of its kind to provide:
Ongoing definition of rating rules by ISO actuarial and insurance line experts
ISO content supported by updates from new circulars issued
Technical specifications file that facilitates company maintenance and analysis of ISO updates
Rate-management tools that facilitate company maintenance and analysis of ISO updates
Component-based, XML-driven design that facilitates integration with quote and policy-administration systems
Automated Release Notes - easy-to-understand business documentation describing ISO changes
Sample test case
Your custom-content development process
Once you've integrated ISO ERC+software into your policy admin system, your next step is to begin the custom-content development process.
While the timetable for this process depends on your company's customization needs, the steps should include:
Once you’ve completed the initial implementation, the process becomes circular in nature as you decide to adopt ISO updates and/or modify your insurance programs.