Insurers Need To Rate Their RatingTechnology
Is your rating system capable of supporting all your linesof business?
How does your rating solution manage change?
Does your rating system provide decision-supportcapabilities?
Can your rating system support customization, includingstate or company deviations?
How do your rating options assimilate with existingpolicy-management platforms?
Can multiple-line operations use the same rating system,but with tailored input screens and with underwriting protectionsin place?
Scott Stephenson is executive vice president for the JerseyCity, N.J.-based Insurance Services Office. He provides strategicdirection for several ISO companies, including ISO Rating Serviceand the AscendantOne unit of ISO.
Reproduced from National Underwriter Edition, November 23, 2004.Copyright 2004 by The National Underwriter Company in the serialpublication. All rights reserved.Copyright in this article as anindependent work may be held by the author.
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