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.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access