Learn how next generation rating software as OwlSurance Verisk ISO can help carriers launch an ISO commercial line and streamline the process of handling ISO circulars with ISO Electronic Rating Content.
Maintaining rates, rules, and forms is complex and labor intensive. While ISO provided information is extremely valuable to carriers, the process typically used within insurance companies is manual, involves a large number of functional areas, and is generally inefficient.
In this webinar, you will learn:
Options available to Carriers for launching ISO lines and for streamlining the process of handling ISO circulars
How OwlSurance Verisk ISO Electronic Rating Content (ERC)™ supports a Carrier’s goals of reducing risk & premium leakage, improving accuracy, lowering ISO content maintenance costs, staying current with ISO updates and improving speed-to-market
Next generation rating solutions with out-of-the box rating for ISO, rich collaborative tools to easily and quickly make rate and rule changes without coding and see the impact of the changes, assurance of getting rating specifications and interpreted directly by ISO and delivered electronically.
Learn how James River Insurance is benefiting from a rating engine with support for OwlSurance Verisk ISO Electronic Rating Content (ERC) ™
In this webinar we focused on the following areas:
Research insights that highlight the benefits of using electronic over manual practices in supporting ISO releases, and what options are available to you
How insurers can impact business and IT operations, deliver dramatic cost- and time-saving benefits and improve operational efficiency
The benefits of using electronic capabilities over manual processes, and hear directly from James River Insurance, who is making a dramatic difference by consuming ISO releases electronically
According to a recent Bain’s report1 “Insurers feel pressure from investors and competitors to increase efficiency and effectiveness in processes and delivery.”
Keeping ISO rating data current is a complex and labor-intensive process for many insurance carriers. To react quickly and appropriately to market opportunities with ISO rating content updates, as well as regulatory changes, carriers need to look for solutions that streamline this process – enhancing their go-to-market strategies.
If you are actively seeking to modernize and integrate commercial lines rating with your existing core systems and extend the ability to digitally access rate-quote-bind capabilities for agents and brokers, look to the OwlSurance Rating Engine. OwlSurance Rating Engine is a modern rating engine that fully leverages the digital delivery of ISO’s rating content via the ISO Electronic Rating Content (ERC) product. With OwlSurance Verisk ISO Electronic Rating content (ERC) ™, insurers are able to lower costs associated with rating operations by significantly reducing the time and effort needed to analyze and implement ISO updates to advisory loss costs and rules. Together, the ValueMomentum’s cloud business unit, OwlSurance Technologies and ISO ERC offerings help companies automate the management of ISO rate plans along with their company deviations.
In this webinar we highlighted the following areas:
OwlSurance Verisk ISO Electronic Rating Content (ERC) ™can help insurers dramatically lower costs, time & effort associated with rating operations.
OwlSurance Verisk ISO Electronic Rating Content (ERC) ™ can boost insurers’ go-to-market strategies.
ValueMomentum & ISO ERC offerings can help insurers automate the management of ISO rate plans along with deviations.
Insurers can modernize existing core systems and extend the ability to digitally access rate-quote-bind capabilities for agents and brokers.