When determining rating factors for personal auto claims and violations, it's no longer good enough to simply categorize violations as major or minor and accidents by coverage—or ignore the effect of the timing of either.
With the ISO Risk Analyzer Personal Auto Driver History Module, you can see firsthand how an individual's driving record and other characteristics can affect your rating factors and, ultimately, the premium you charge.
The ISO Risk Analyzer Personal Auto Driver History Module provides rating factor output that more accurately reflects a risk given its particular driving record history and driver characteristics.
ISO designed the driver history module as a sophisticated analytic tool you can use to get even more value out of ISO's Personal Auto Multistate Class Plan. ISO's recently enhanced class plan includes more refined information, such as different factors by coverage, more age categories, details for major and minor violations, details for bodily injury and physical damage accidents, surcharges that vary by type of accident and number of years licensed, and multicar discounts that vary by the number of vehicles. You can use the driver history module to further leverage the data in the class plan so you can more accurately segment and price your existing book of business and more easily break into new markets.
Just input driver violations and claims along with age, gender, and marital status into the driver history module, and the module will output driver claim points and driver violation points along with the associated multiplicative factors for those inputs.
ISO's rule filings based on this module are in progress.
(Available to participating ISO customers)
The ISO Risk Analyzer Personal Auto driver history module is available as part of the ISO Advanced Rating Toolkit for personal auto—a comprehensive bundled offering of ISO's sophisticated pricing refinement tools. Powered by the predictive analytic capabilities of ISO Risk Analyzer, the complementary collection of rating tools within the ISO Advanced Rating Toolkit enables you to derive even more value from ISO's personal auto products and take your pricing refinement efforts to new levels.
. . . on the ISO Risk Analyzer suite of predictive modeling solutions, send e-mail to firstname.lastname@example.org.