Insurers Need To Rate Their Rating Technology
Is your rating system capable of supporting all your lines of business?
How does your rating solution manage change?
Does your rating system provide decision-support capabilities?
Can your rating system support customization, including state or company deviations?
How do your rating options assimilate with existing policy-management platforms?
Can multiple-line operations use the same rating system, but with tailored input screens and with underwriting protections in place?
Scott Stephenson is executive vice president for the Jersey City, N.J.-based Insurance Services Office. He provides strategic direction for several ISO companies, including ISO Rating Service and the AscendantOne unit of ISO.
Reproduced from National Underwriter Edition, November 23, 2004. Copyright 2004 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.
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