ISO to Electronically Deliver Loss-Cost Data to Customers.Insurance Services Office Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property-casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients with offices throughout the United Inc. plans to begin delivering loss-cost data electronically to insurers in February through its new ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. IntegRater. "This is key, because insurers use ISO loss costs to determine their rates," said Christopher Perini, vice president, marketing. ISO is the largest of four statistical agents that collect premium, claims and loss data from property/casualty insurers. It provides statistical services, loss costs, policy forms and rating manuals to 1,500 insurers representing 85% of the commercial lines market and 35% of the personal lines market. The other property/casualty statistical agents are American Association of Insurance Services, National Association of Independent Insurers, National Independent Statistical Service and National Council on Compensation Insurance The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation. Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four , which deals only with workers' compensation. AAIS AAIS American Association of Insurance Services AAIS Advanced Airborne Interceptor Simulator AAIS ACE ACCIS Implementation Strategy (NATO) AAIS America Association of Italian Studies AAIS Administration Automated Information System began making its loss-cost data available electronically to its members in March, said Joseph S. Harrington Rock Critic; Author of Sonic Cool:The Life And Death Of Rock And Roll Joe Harrington was born in Portland, Maine to a dirt poor laborer father and a mother who all she did was bake bread. , manager, communications. NAII posts its national loss-cost data on the Internet and sells state loss-cost data as either hard copy or on diskette, spokesman Joe Annotti said. Currently, ISO customers must manually key the information into their rating systems. "If even two numbers are transposed, it could cost an insurer hundreds of thousands of dollars in pricing," Perini said. Initially, IntegRater customers will receive all currently approved information on a CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). . Updates will be available via the Internet in a searchable tab-delineated format. The general liability component will be introduced in February. It will be followed by commercial property loss costs next fall, commercial auto in the first quarter of 2002 and business owners policies in the second quarter of 2002. |
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