With sophisticated predictive modeling and advanced analytics, you can price small business risks more accurately, retain good risks, and help boost your bottom line.
ISO Risk Analyzer® Businessowners uses predictive modeling to examine hundreds of indicators to predict expected losses on a by-peril basis at granular geographies. As a result, insurers can more accurately price small business risks.
The Environmental Module examines expected losses by major perils. The granular predictive model uses location-specific data to pinpoint a risk’s characteristics by analyzing the interactive effects of hundreds of possible variables that contribute to expected losses:
Additionally, the By-Peril Rating Factors Module provides rating relativities by individual peril for several important businessowners rating elements. Combining the two modules, insurers have increased flexibility and the ability to perform a by-peril analysis.