Data

Obtaining External Data a Top Priority for U.K. Insurers

In our data-driven world, it should come as no surprise that insurers are looking to emerging sources of data — such as social media postings, shopping behavior, and building permits — to improve their predictive...

ProMetrix: We’re the “belt and suspenders” type

It’s often a challenge to learn a new way of doing something. The driving factors are the difficulty of the task and the quality of the learning tools. In serving the insurance industry, we tend to be “belt and...

How One Insurance Company Used Social Media to Become Part of the National Conversation

When the U.S. Supreme Court released the ruling on gay marriage last week, it ignited a national conversation — much of which was carried out over social media. Insurers that are not active on social media may have...

Deep dive on ProMetrix: Next Generation

Numbers are curious things. The overused business expression for seeing something from a high level is “a 30,000 foot view.” Professional divers, however, define a “deep dive” as anything from 60 to 100 feet below the...

Fire data and a dinner

The FDNY Foundation recently hosted its 20th annual dinner in Manhattan, celebrating both the foundation and the 150th anniversary of the New York City Fire Department (FDNY). The dinner honored high-profile members o...

Drone Risk Management: Grant Goldsmith Visits Verisk HQ

The Verisk commercial property team recently had the pleasure of hosting guest speaker Grant Goldsmith as part of a commercial property customer event at the Verisk home office in Jersey City. Mr. Goldsmith is the...

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 filed instrument, you ha...

Rhode Island Releases Details of Letter Campaign

The Rhode Island Insurance Verification System (RIIVS) went live in November 2014, initiating the requirement that insurance companies report a full book of business to RIIVS by the 7th of each month. The system match...

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, management objective...

When It Comes to Cybersecurity, All Bets Are Off

In February, a major cyber attack erased hard drives and shut down computers at two popular Las Vegas casinos, The Venetian and The Palazzo. But according to a report in Bloomberg Businessweek , the hackers weren’t...