WTW, an advisory, broking, and solutions firm, has launched a new feature in its analytics deployment solution, Radar, enabling users to accurately adjust to market price movements in real time by incorporating Verisk’s ISO Electronic Rating Content (ISO ERC).

In today’s competitive environment, insurers need fast, reliable access to the latest rating information. Time constraints often prevent carriers from adopting deviations, conducting portfolio impact analyses, and deploying complex rating structures.

Radar users can now seamlessly import ISO ERC and instantly generate ISO-based pricing models. Within minutes, users can begin rating policies using ISO’s up-to-date filed advisory prospective loss costs, rules, and forms attachment logic.

Key benefits include analysing the impact of new ISO updates on in-force portfolios, scenario-testing proprietary deviations, and deploying rates with minimal manual error risk.

What once took months can now be completed in minutes—dramatically improving rate-making efficiency and giving carriers a competitive edge in adapting to market price movements.

Gio Smyth, Managing Director and Americas Regional Leader, Insurance Consulting and Technology at WTW, said, “This new Radar functionality builds significantly on the value already provided by Verisk’s ISO ERC solution. Our innovative approach enables insurers to thoroughly assess the impact of ISO Circular updates, providing them with the confidence they need to adjust their rates swiftly, benefiting both their business and customers. I’m excited to see our clients benefit from our latest Radar development.”

Ron Beiderman, senior vice president of core lines services product at Verisk, added, “Verisk’s ISO ERC streamlines the end-to-end rating process by enabling faster, more accurate implementation of ISO content. With seamless integration into Radar’s pricing, analytics and deployment environments, it enhances ratemaking efficiency and helps set insurers apart in such a highly competitive environment. This advancement enables partners to deliver the full value of ISO ERC data through robust and scalable solutions.”

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