Commercial lines insurers are in a constant race against regulatory updates. ISO circulars hit in waves, and state-specific variations demand that actuarial, product, and IT teams continuously rebuild models. Historically, these updates were manual, time-consuming, and slowed the launch of new rates.
Earnix’s integration of Verisk’s ISO Electronic Rating Content™ (ISO ERCTM) into its Price-It™ platform is designed to change that.
Carriers can ingest rating content while retaining proprietary deviations, model book-level impact, and move from circular to filing efficiently. A process that previously took months can now be completed in days, allowing insurers to react faster to market changes.
Automation in action
Automation is at the heart of this integration:
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Fast model deployment: Price-It™ reads machine-ready ISO ERC and converts algorithms, rules, loss costs, and rate tables into native models automatically.
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Deviation management: Proprietary rules persist as layered deviations that carry forward automatically, with clear change diffs.
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Selective adoption: Carriers can simulate the impact of circulars by state or line and commit only strategic changes.
Documentation, versioning, and filing artefacts are handled within the platform, simplifying audits and submissions.
Strategic importance
ISO ERC has become the industry baseline for commercial lines. Carriers need a digital, auditable, and cost-effective way to stay compliant while protecting unique rating logic.
Earnix allows insurers to selectively adopt circulars, run scenario models, and quantify book-level impact, reducing manual steps while strengthening governance.
Proof in practice
One carrier reduced a nine-month update cycle to less than a day. Freed from rebuilding models, teams can focus on underwriting strategy, factor optimisation, and market testing.
By unifying ingestion, deviation management, simulation, and filing in a single workflow, carriers gain:
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Speed: Rapid circular implementation, fewer manual steps, faster rate launches.
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Control: Versioning, change diffs, and deviation layers ensure governance.
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Clarity: Scenario modelling and book-level impact reports quantify premium and loss effects and support filings and audits.
Earnix makes regulatory change an advantage, not a bottleneck, allowing insurers to move faster, smarter, and with confidence.
Read the full blog from Earnix here.
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