WTW, Verisk collaborate to boost efficiency in commercial insurance pricing

WTW (WTW) has announced the launch of a feature in Radar, its leading analytics deployment solution. This new feature enables users to adjust to market price movements accurately and in real time by incorporating ISO Electronic Rating Content from Verisk (VRSK). Radar now allows insurers to import Verisk ISO ERC content directly into Radar and instantly create an ISO-based pricing model at the touch of a button. In a matter of minutes, this enables users to begin rating policies with ISO’s up-to-date filed advisory prospective loss costs, rules, and forms attachment logic.