ISO's A-PLUS (Automobile-Property Loss Underwriting Service) unit and TransUnion, have created a comprehensive risk score that aims to bring efficiency to property and auto insurance underwriting and policy renewals. The new Credit Loss History Score (CLHS) provides a predictive tool for insurance carriers to assess the risk of new applicants and renewals.

CLHS was developed using TransUnion's analytics and consumer credit history database and the A-PLUS claims loss history database, allowing insurers to leverage the two data sources in a single risk score. According to ISO, the A-PLUS database commands nearly a 95 percent market share in direct written premium for property insurance and more than 91 percent market share in direct written premium for auto insurance. Compared with credit-only insurance risk scores, CLHS offers as much as a 95 percent improvement in identifying the amount of risk for a property policy applicant and as much as a 34 percent improvement for an auto policy applicant.

"Together, ISO and TransUnion have created one of the most powerful risk evaluation and analytic solutions in the market for property and auto insurers," says Steven C. Craig, A-PLUS general manager. "Insurers now can use TransUnion credit data along with A-PLUS claims loss history data for improved risk analysis and risk selection, which in turn, will enable carriers to improve their underwriting ratios."