ISO Portal

ISO Loss Costs are a tool that offers industry benchmark projections of average future claim costs and loss adjustment expenses — overall and by coverage, class, territory, and other categories.

You can use Verisk’s estimates of future loss costs to make independent decisions about the prices to charge for insurance coverage. For most U.S. property/casualty insurers in most lines of business, ISO Loss Costs are an essential piece of information. You can also factor these loss costs in with other information and underwriting judgment when determining competitive pricing strategies.

Verisk’s databases of insurance premium and loss data are one of the world’s largest collection of insurance information. Verisk verifies and monitors the data to make sure it’s valid, reliable, and accurate. ISO Loss Costs include provisions for loss development, loss adjustment expenses, and frequency and severity trends.

ISO Loss Costs, derived from our large and stable databases, allow for more accurate predictions about the ultimate cost of insurance. Even insurers with a large volume of data benefit from the breadth and scope of the Verisk database, for example, when expanding into new classes or new lines of business.

With Verisk’s advisory prospective loss costs, you get solid data you can use in determining your pricing by coverage, state, territory, class, policy limit, deductible, and many other categories. You get estimates based on one of the largest, most credible set of insurance statistics in the world. And you get the benefit of Verisk’s renowned team of actuaries and other insurance professionals.

Verisk recognizes the different structure and level of granularity required by the excess and surplus market. The web-based portal includes an interactive map that lets you access Verisk’s vast database of rating information and produce loss cost averages for multiple scenarios across many classes and U.S. jurisdictions. You can also download Verisk data — loss costs and rating factors — and incorporate the information into your own rating models. ISO Rapid Valuator seamlessly integrates with our Commercial Property Size-of-Loss Database (PSOLD™). That lets you use Verisk’s commercial property loss costs as a benchmark in evaluating the pricing of layers of coverage for individual risks or groups of risk.

Yes, you can download all of the loss costs and rating factors for a line of business.

Yes, the portal includes a user guide that offers guidance on navigation and helpful notes about the structure of the available material for each line of business. Important notes relevant to each line of business are accessible. A comments section lets you ask Verisk staff any questions you might have.