ISO has launched the ISO Advanced Rating Toolkit for personal auto, a bundled offering of ISO's pricing refinement tools that includes the ISO Risk Analyzer personal auto suite of predictive modeling tools and the ISO Personal Vehicle Manual.
The collection of rating tools within the ISO Advanced Rating Toolkit enables insurers to perform in-depth analyses within their books of business. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics.
“We've integrated ISO's best-in-class analytic and rating tools in response to the industry's call for a more complete rating solution that incorporates advanced analytics,” says Kevin Thompson, president of ISO insurance programs and analytic services. “Insurers who currently use the rules and factors available in the ISO Personal Vehicle Manual to develop and enhance their rating programs can now take their pricing refinement efforts to new levels with the predictive capabilities of the ISO Advanced Rating Toolkit.”
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