Automation

Telematics revolutionizes claims: Connected cars will automate FNOL process and so much more

When it comes to claims processing, time is not on anyone’s side. After an accident, flood, fire, or theft, it’s dependent upon the claimant to initiate contact with the insurer. And it can be a da...

It’s all relative

It didn’t take long after we introduced the next generation of ProMetrix® reports, analytics, and our customer-facing delivery platform to start working on improvements. The feedback from customers...

Engineering a loss cost for competitiveness

If you’re an underwriter, you probably spend more time dealing with loss costs than you’d like. It can be frustrating because it’s a driver of your underwriting and pricing, but because it’s a file...

The next generation of ProMetrix

During my career, I’ve worked for some of the leading commercial property carriers in the industry. They varied, of course, in their activity and had different segment and distribution strategies,...

You've got to ask yourself one question: “Do I feel lucky?"

As an insurer, how much do you rely on luck? As Verisk’s principal commercial property consultant, I interact with many carriers who insist they would never count on luck. If you agree with them, y...

Verisk Commercial Property Consulting gives you an edge

To achieve your return-on-investment (ROI) goals, meet your operational and underwriting objectives, and overcome the market challenges of today and tomorrow, you need an edge. Verisk Commercial...

Is 100% MSP Compliance Possible?

Current approaches to Medicare Secondary Payer compliance are disjointed. Ad hoc referrals for separate services are often discretionary and inconsistent. Prevailing protocols decrease an insurer’s...

Minimizing the Need for Claim Handler Review in the UK — STATISTICS

With the “ Jackson Reforms ” — the United Kingdom’s new litigation rules — now in place, solicitors need to find new ways to increase claim handling efficiency. The reforms’ effect on costs natural...

PICAS Plus: Essential Stats for Solicitors

Time is of the essence for solicitors now that the ' Jackson Reforms ' — the United Kingdom’s new litigation rules — are in effect. Efficiency is of paramount importance. In today’s environment, yo...

How Are Insurers Using ISO’s New Algorithm Files?

An interesting case study from ISO is in the works. The headline is "Forty-Six States in Two Months: How One Insurer Implemented ISO's Commercial Auto Rating in Record Time." We're still developing...