ISO, a member of the Verisk Insurance Solutions group at Verisk Analytics, has launched its Risk Analyzer Homeowners Building Characteristics Module, an addition to its line of predictive analytic modeling tools designed to help insurers segment and rate their risks.

ISO says the building characteristics module incorporates property-specific features, including age of roof, number of rooms, square footage, and lot size. According to ISO, it also incorporates amenities such as pool and finished basement; and other construction-related variables to project loss cost relativities by peril.

The major peril categories are fire, theft and vandalism, as well as lightning, liability, wind, water (nonweather-related), water (weather-related), hail, and all other property perils (excluding hurricane and earthquake).

For an individual risk, the module is designed to determine which property characteristic variables matter, how much they matter, and how the interaction of variables affects the overall risk of nine major homeowners peril categories, says ISO.

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