Insights that power innovation

11/15/2019 - 4 min read

Litigation insights offer the key to rising claim costs

Legal analytics make it possible for insurers to derive actionable insights from legal data to improve claims handling and litigation outcomes.

11/15/2019 - 4 min read

All-or-nothing automation? Incremental change is a winning proposition

Robotic process automation (RPA), machine learning, and AI can be embedded in processes throughout the claim life cycle—from triaging through settlement.

11/14/2019 - 4 min read

Get in Line: Highways Poised for “Platooning” — Part Two

To improve fuel efficiency, trucks using wireless technology will follow one another in tight formation with the lead vehicle controlling the throttle and braking of the follower trucks. Welcome to the era of platooning.

11/14/2019 - 4 min read

Death by a thousand cuts: Why Lloyd’s underwriters need better data for attritional losses

Not understanding the quality of a risk can lead to poor attritional loss ratios, which is why it's paramount that Lloyd’s underwriters not lose out to poor-quality data.

11/8/2019 - 4 min read

CMS holds webinar on WCMSA Electronic Attestations for Professional Administration

On 11/6/19, CMS held a webinar on Workers’ Compensation Medicare Set-Aside (WCMSA) Electronic Attestation Enhancement for Professional Administrators.

11/6/2019 - 2 min read

Reconstruction cost growth steadies after slowing last year

Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial levels for the United States and Canada from October 2018 to October 2019.

11/6/2019 - 2 min read

Why data is critical to countering insurance fraud in Ireland

Insurers in Ireland need to look at how they can use data from a wide variety of sources to significantly reduce the risk of fraud at the application and claims stage.

11/5/2019 - 1 min read

November 2019 preview: Historical catastrophe activity

With hurricane season ending officially on November 30, we look ahead to the potential catastrophe risks for the month.

11/4/2019 - 3 min read

3 keys to stopping medical provider fraud, waste, and abuse

It’s no secret that medical fraud is a big problem, with some sources estimating the cost at more than $200 billion annually.

11/1/2019 - 4 min read

CMS holds webinar on WCMSA Electronic Attestations for Self-Administered Accounts

On 10/30/19, CMS held a webinar to discuss recent enhancements to the Workers’ Compensation Medicare Set-Aside Portal (WCMSAP).

10/31/2019 - 6 min read

CMS releases new WCMSA Reference Guide (Version 3.0)

CMS has released a revised Workers’ Compensation Medicare Set-Aside (WCMSA) Reference Guide (Version 3.0, October 10, 2019).

10/30/2019 - 3 min read

Kincade, Tick, and Getty Fires spread damage in California

Three major wildfires caused damage and widespread evacuations in California. Verisk has preliminary analysis of the risk distribution in affected ZIP codes.

10/30/2019 - 5 min read

Subsidence, heave, and other risks beneath: Why insurers can’t rely on just one data source

By developing rating plan for subsidence and other ground movement risk, insurers can rate policies more accurately, increase market share, reduce loss ratios, and lower combined ratios.

10/29/2019 - 5 min read

As claim severity climbs, analytic insights hold key to containment

Insurers today are struggling with what seems like an intractable problem: the impact of rising claim severity on their bottom line. This upswing shows no sign of abatement: for the past two decades, severity has increased almost every year for auto and workers’ compensation medical and indemnity claims.

10/24/2019 - 1 min read

Ensuring coverage measures up by cost per square foot

Verisk is adding a useful new feature to the 360Value replacement cost estimating platform to help underwriters spot potentially undervalued homes.

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Litigation insights offer the key to rising claim costs

All-or-nothing automation? Incremental change is a winning proposition

Get in Line: Highways Poised for “Platooning” — Part Two

Death by a thousand cuts: Why Lloyd’s underwriters need better data for attritional losses

CMS holds webinar on WCMSA Electronic Attestations for Professional Administration

Reconstruction cost growth steadies after slowing last year

Why data is critical to countering insurance fraud in Ireland

November 2019 preview: Historical catastrophe activity

3 keys to stopping medical provider fraud, waste, and abuse

CMS holds webinar on WCMSA Electronic Attestations for Self-Administered Accounts

CMS releases new WCMSA Reference Guide (Version 3.0)

Kincade, Tick, and Getty Fires spread damage in California

Subsidence, heave, and other risks beneath: Why insurers can’t rely on just one data source

As claim severity climbs, analytic insights hold key to containment

Ensuring coverage measures up by cost per square foot