You could feel the impacts of adverse selection if your pricing segmentation doesn’t leverage advanced analytics. But building a proprietary analytics model can be extremely challenging and costly—and it will need regular updates with new data.
Harness predictive modeling and powerful analytics to predict expected losses more accurately.
Evaluate the interactive effects of hundreds of variables to provide more refined estimates of advisory prospective territorial loss costs for major coverages.
Incorporate sophisticated pricing refinement into your underwriting and rating or supplement your own models for precise, customized segmentation.
Identify new market opportunities and classifications as they develop with granular vehicle symbols and fresh by-peril property ratings that are updated regularly.
Leverage innovative analytics to improve personal auto risk segmentation. With modules for driver history, vehicle symbols, and rating territory, ISO Risk Analyzer delivers the who, what, and where on your personal auto risks.
ISO Risk Analyzer Homeowners is a powerful analytic tool that uses predictive modeling to provide sophisticated pricing refinement. It examines hundreds of indicators that can affect risks and help predict the non-catastrophe portion of expected losses at the policy level by peril.
ISO Risk Analyzer Commercial Auto leverages granular data and predictive modeling tools to assist insurers in underwriting, rating, and enhancing preexisting analytics. The modules provide output that can be used together or as stand-alone solutions.
ISO Risk Analyzer Businessowners uses predictive modeling and powerful analytics to examine hundreds of indicators to predict expected losses on a by-peril basis, helping insurers price small business risks more accurately.
Get a more granular view of risk by ZIP code/Census block group for more refined pricing than traditional insurance “territories”—and uncover differential risk profiles not previously captured in your rating plan.
Use the rating information as-is or analyze it further, aided by component scores along several variable categories in ISO Risk Analyzer. And you can feed these scores into existing proprietary models to integrate the captured signal in complex analytics.
Take advantage of quick and easy implementation of Risk Analyzer for customers familiar with the ISO rating content. Understand, code, and file predictive analytics with support from our Risk Analyzer-focused team.
Deploy vehicle symbols that are based on analytics and incorporate VIN-derived characteristics and features. Enhance property rating steps with peril-specific relativities to better reflect the risk profile of each insured location.
Get a more complete understanding of risk and take your business to the next level with these solutions from Verisk.
Get actuarial support and ISO product consulting from Verisk actuaries and product experts.
Join granular premium and loss experience data to guide important decisions about your portfolio. Plus, benchmark your results against an unmatched property and casualty database.