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ISO Releases Next Generation of ISO MarketWatch

Staff Writer | July 07, 2014

ISO releases the next generation of ISO MarketWatch premium-change reports. The new reports highlight pricing trend and market cycle analyses by premium size, state, and line of insurance and are available on an accelerated release schedule.  

The enhancements in the ISO MarketWatch quarterly reports offer a closer and faster look at how premiums are changing monthly, and it gives insurers the ability to refine their market strategies in the highly competitive commercial property/casualty markets.

"The upgrades have made ISO MarketWatch a more versatile and powerful tool," says Joseph Izzo, senior vice president of data assets and analytics at ISO. "It's no longer just valuable for reinsurers looking at national trends. It's also a way for primary, and excess and surplus insurers, to identify areas for growth and challenges that lie ahead."

ISO MarketWatch will now be released between 60-75 days after each quarter close, providing the percent change of renewal premiums on a monthly basis. Unlike surveys that are often used to monitor general premium changes, ISO MarketWatch uses actual rate changes from matched policies drawn from close to 4 billion records reported by approximately 800 commercial insurers to ISO.

John Buchanan, principal of excess and reinsurance for ISO, believes the new reports show clearly how rate changes vary significantly by state, line of insurance, and size of premiums collected.

"Insurance premiums can change very quickly and often in surprising ways" says Buchanan. "With ISO MarketWatch now released within the following quarter, insurers gain the detailed state competitive perspective they need to plan, adapt, and stay ahead of the pack."

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