ISO has launched Statistical Web Services, a collection of integrated online applications that offers participating insurers options for statistical data management and reporting to ISO. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics.
ISO said by participating in Statistical Agent Service, insurers send ISO detailed transactions of the premiums they collect and the losses they incur. ISO compiles the data into aggregate insurance compilations required by state regulators.
Statistical Web Services offers insurers an alternative for reporting and managing statistical data through its integrative features, says ISO. Participating insurers can review and correct data, prepare submission files, and track their submission histories and statuses. In addition, customers will have access to the latest changes to statistical plan requirements, updated line and state eligibility, and ability to share files and submission progress with others in their organization that use the ISO-hosted service.
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