Verisk Analytics announces a new addition to the ISO Risk Analyzer suite of predictive modeling tools for more accurate pricing of physical damage coverages for personal autos.
The ISO Risk Analyzer Personal Auto Vehicle Module is an analytic tool that uses vehicle characteristics to predict collision and comprehensive losses at a highly refined level. The vehicle module represents a significant evolution in the refinement and accuracy of vehicle Symbols and vehicle rating.
"For decades, Verisk's ISO subsidiary has provided tools to understand how the car a person drives affects insurance risk, says Kevin Thompson, senior vice president of insurance services at ISO. "ISO is now revolutionizing these tools with the introduction of powerful analytical methods and extensive data on vehicle characteristics. The vehicle module will provide unparalleled information to insurers about vehicle risk."
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