ISO's Catastrophe Loss Development is an Excel-based tool that gives you easy access to catastrophe-specific experience for homeowners, businessowners, and commercial property. The tool shows how historical development patterns can vary across different catastrophes — and between catastrophe and noncatastrophe circumstances.
After a catastrophe strikes, insurers and reinsurers grapple with a common question: What will the cost to the company be?
But compiling and reporting accurate claims information takes time. So actuarial estimates always include a range of uncertainty, making reserve levels problematic.
ISO Catastrophe Loss Development helps insurers and reinsurers reduce that range of uncertainty.
ISO used aggregate data from ISO's Property Claim Services (PCS) unit, ISO statistical data, and data from Multiple related sources e.g. National Climatic Data Center (NCDC), AIR, etc., to create the tool.
You access the tool at your workstation using a simple query screen. You can view the data by catastrophe, data type, data coverage, line of business, or state.
Once you make your selections, you can download your results as a graph or report.
For more information on how ISO Catastrophe Loss Development can help your business, please send e-mail to email@example.com.