In announcing two moves, ISO, a Verisk Insurance Solutions group member, has launched the ISO Risk Analyzer Businessowners Environmental Module and made available an improved version of the ISO Risk Analyzer Commercial Auto Environmental Module.
Both analytic tools are designed to improve accuracy in developing appropriate premiums for insured risks. ISO noted in the announcement that he environmental modules use ISO's data resources and a comprehensive set of third-party, location-specific data, and that the prover's goal for the product is to improve the accuracy rating plans and better understand loss exposure at levels of geography, such as ZIP code or census block group.
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