Information That Enlightens
ISO’s Actuarial Service provides the information you need to enhance your decision making and boost your productivity and profitability. Using ISO’s data to supplement your own experience, you’ll be able to make better-informed decisions about product pricing, marketing, underwriting, reserve adequacy, and reinsurance needs.
Through the service, you get timely, accurate information on such topics as loss and premium trend, risk classifications, loss development, increased limits factors, catastrophe and excess losses, and expenses. You get aggregate data in various levels of detail, as well as the methods, formulas, and judgments of our professional staff of actuaries.
ISO data serves as a benchmark
ISO’s compilations and analyses provide a source of data aggregated over a broad base of insurers. You can evaluate your own company’s loss and expense experience against that aggregate. Using the results of your comparison, you can focus on problem areas in your book of business and weigh alternate underwriting strategies or claims practices. You can identify profitable new markets to enter or new classes of business to write by evaluating differences in experience across states, territories, and classes.
If you need data that our standard reports don’t display, we can prepare customized reports and data files according to criteria you define. Your Actuarial Service participation entitles you to a discount on any customized report you order.
In-depth analysis that’s easy to use and understand
Our actuaries compile and analyze complex data and present the data in formats that you can easily use and understand. We’ve designed the exhibits in our circulars and written the accompanying explanations to be clear and informative. In addition to providing vital information, our circulars make valuable training and educational tools for your actuarial staff. And if you have any questions about the analyses, ISO’s professional team of actuaries is always ready to help.
40 years of experience in 15 lines of insurance
Through participation in ISO’s Actuarial Service, you benefit from ISO’s expertise and 40 years of experience in 15 lines of insurance. You can be confident that the analyses you receive from ISO are based on accurate, credible data. ISO maintains one of the largest private databases in the world. No individual insurer’s database can even approach the size and credibility of ISO’s database.