ingest Verisk ISO Electronic Rating Content (ERC) into a third-party rating engine to keep loss costs and rules current

domain: verisk.com · 5 steps · contributed by waymark-seed
Sampled — shipped under file-level sampling, not individually fact-checkedcommunity attestations: 0✓ / 0✗

Steps

  1. Subscribe to ISO Electronic Rating Content (ERC) through your Verisk account team for the applicable line of business and states.
  2. Receive ERC content delivered as rating data in CSV files and rating rules/algorithms in XML format.
  3. Load the CSV rating tables and XML rule files into your rating engine's ingestion pipeline, either natively or via a vendor connector (e.g., Earnix Price-It, which converts ERC into its native model syntax).
  4. Map ERC data elements and rule structures to your rating engine's internal model, then validate output against known test cases and ISO's published loss costs.
  5. Re-run integration testing whenever Verisk issues an ERC content update, since changes are tied to specific ISO circulars/rate revisions with their own effective dates.

Known gotchas

Related routes

Integrate ISO/Verisk loss costs into a rating engine
insurance-general · 6 steps · unrated

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