ISO Casualty Index Named Trading Risk Initiative of the Year - ISO Releases Fourth-Quarter 2011 Index
(Thomson Reuters ONE) -
JERSEY CITY, N.J., June 28, 2012 - ISO announced that its ISO Casualty Index(TM)
has won the Initiative of the Year Award at the 2012 Trading Risk Awards in
London. Candidates were professionals in the convergence sector, and the award
was presented to ISO for playing a pivotal role in developing a new trading risk
instrument.
The ISO Casualty Index, launched in March 2011, provides an independent,
transparent, and robust reference point for monitoring the U.S. insurance
industry's trends in casualty loss ratio (the ratio of losses to corresponding
premium) and casualty loss development (the emergence of losses over time).
"The ISO Casualty Index team is honored to have won the award," said Joseph
Izzo, assistant vice president and associate actuary at ISO. "We recognize the
benefits of a casualty-based index in the marketplace, and we're delighted to be
acknowledged for our efforts."
ISO released its scheduled quarterly update of the ISO Casualty Index on June
15, 2012, covering data collected through the fourth quarter of 2011. Per this
current release, which provides a first look at accident year 2011, the latest
observation shows a continuing trend of increasing loss ratios since 2005. The
trend, with few exceptions, is visible in the ten segments of general liability
and commercial automobile liability insurance captured by the ISO Casualty
Index.
The ISO Casualty Index is derived from ISO's extensive database of transactional
records aggregated from direct primary insurers. It provides the ability to
track underwriting cycles, manage adverse loss experience, and benchmark
performance.
For more information about the ISO Casualty Index and its licensing, please
visit http://www.iso.com/indices.
About ISO
Since 1971, ISO has been a leading source of information about property/casualty
insurance risk. For a broad spectrum of commercial and personal lines of
insurance, the company provides statistical, actuarial underwriting, and claims
information; policy language; information about specific locations; fraud
identification tools; and technical services. ISO serves insurers, reinsurers,
agents and brokers, insurance regulators, risk managers, and other participants
in the property/casualty insurance marketplace. ISO is a member of the Verisk
Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). For more
information, visit www.iso.com and www.verisk.com.
Contact:
Susan Kenney/Jessica Riccardi
MWW Group (for ISO)
(201) 507-9500
skenney(at)mww.com
jriccardi(at)mww.com
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Source: Verisk Analytics Inc. via Thomson Reuters ONE
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Datum: 28.06.2012 - 10:03 Uhr
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