Commercial lines insurers face constant pressure from regulatory updates. ISO circulars arrive in waves, with states adding variations that require continuous updates to rating models. Manual work—rebuilding models, re-keying data, and revalidating outputs—has traditionally taken months, slowing time-to-market and draining expert resources.
Earnix’s integration of Verisk’s ISO Electronic Rating Content™ (ISO ERCTM) into Price-It™ provides a faster, smarter alternative.
Insurers can ingest rating content, retain proprietary deviations, model book-level impact, and move seamlessly from circular to filing. A process that previously took months can now be executed in days, giving carriers a competitive edge.
Automation drives efficiency
The integration automates critical steps:
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Rapid model creation: Price-It™ converts ISO ERC algorithms, rules, loss costs, and rate tables into native models automatically, eliminating manual rebuilds.
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Deviation preservation: Proprietary factors live in layered deviations that carry forward automatically, highlighting changes to prevent errors.
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Selective adoption: Carriers can implement circulars by state or line, simulate impact, and commit only changes aligned with their strategy.
Documentation and filing support are simplified, with versioning and change tracking built into the platform to support audits and regulatory submissions.
Why it matters
ISO ERC is now the industry standard for commercial lines. Carriers need a digital, auditable, and cost-effective way to stay compliant while protecting their proprietary rating logic.
Earnix enables selective circular adoption, scenario modelling, and book-level impact analysis—all in one platform. The result: faster decisions, fewer manual steps, and stronger governance.
Proof in practice
One insurer reduced a nine-month process to less than a day. Freed from manual rebuilding, teams focus on underwriting strategy, territory and factor optimisation, and market experimentation. A unified workflow combining ingestion, deviation management, simulation, and filing delivers:
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Speed: Faster circular implementation and rate launches.
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Control: Auditable deviation layers, versioning, and change tracking.
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Clarity: Book-level impact reports quantify expected premium and loss effects, supporting compliance and audits.
Earnix Price-It™ transforms regulatory work from a bottleneck into a strategic advantage for commercial lines insurers.
Read the full blog from Earnix here.
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