Rating Integrity

1/4/2023 - 2 min read

Do you have the right tools to assess the nonstandard auto market?

There’s a serious need for actuarial insights focused specifically on the highly competitive market of non-standard auto insurance.

10/31/2022 - 2 min read

Keeping pulse: Tracking the latest price surges to maintain ITV

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

10/19/2022 - 3 min read

Hurricane Ian and other pressures drive uptick in reconstruction costs

Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.

10/3/2022 - 3 min read

Non-rate actions: Dial in profit during a hard personal auto market

Non-rate actions that don’t require a rate filing are one of the fastest ways to help with insurers’ profitability during a hard market.

9/27/2022 - 2 min read

For insurers, a map to more accurate insurance classifications

Verisk's new PAAS Explorer can save insurers time and help prevent premium leakage.

9/27/2022 - 3 min read

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

9/6/2022 - 2 min read

How innovative insurers can launch commercial lines products faster

Learn how commercial lines insurers are leveraging the power of a standardized rating engine to help them spin up new products quickly.

5/9/2022 - 1 min read

Know a vehicle’s history to achieve more precise rating segmentation

Auto History Score is purpose-built using modeled data, correlated with future claims, to help auto insurers refine rating segmentation.

5/5/2022 - 7 min read

Between a rock and a hard market: Solutions for personal auto

Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.

4/22/2022 - 3 min read

Cloud-based rating can free commercial insurers to focus on growth

Rating-as-a-Service (RaaS) allows insurers to receive Verisk’s ISO Electronic Rating Content (ERC) with a cloud-based API.

3/31/2022 - 1 min read

Personal lines insurance quoting can be a smoother journey—no kidding

Personal lines insurers seek fast quoting for better customer experiences (CX), but they also need rigorous cost and underwriting controls.

3/22/2022 - 4 min read

Navigating Florida’s complex market with extensive, current roof data

Homeowners insurers and their customers in Florida are navigating a turbulent market, and roof coverage figures prominently in the turmoil.

3/11/2022 - 4 min read

How to extract more value from auto insurance underwriting data

Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.

3/2/2022 - 3 min read

Automating more homeowners quotes via efficient, reliable underwriting

Automated underwriting can help homeowners insurers be thorough, consistent, and fast with timely, actionable data and analytics.

Commercial And Personal Auto Insurance Digitization

1/6/2022 - 3 min read

Transform auto quote experiences for what comes next

Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.