Insurer Choice Cited On Stats
To The Editor:
Gary Gilbert of IDP commented on the challenges that insurance companies face when they seek to report statistical data using expanded statistical plans developed by the Insurance Services Office, Inc. (“ISO Stat Reports No Easy Trick,” NU, July 30, page 19.)
However, insurers have a choice when it comes to statistical reporting. The American Association of Insurance Services is another–the only other–national property-casualty statistical agent that provides statistical plans for reporting unit transaction data that can be used to support ratemaking as well as regulatory compliance.
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