Underwriting and Rating Solutions

Travel Risk Rating Tool

Quantify medical risk with precision to protect your customers and your profitability.

Confidence to expand coverage, clarity to price right.

Insurance is most powerful when it delivers inclusive protection that’s truly fit for each traveller.

With Verisk’s Travel Risk Rating Tool, inclusive coverage of existing medical conditions no longer means exposure. We translate customer medical data into clear, relative risk scores, so you can price fairly, protect customers confidently, and grow profitably.

Expand coverage profitably

Almost half of Canadian adults have one or more chronic conditions¹. Reach these customers with confidence. Offer inclusive medical coverage while safeguarding profitability.

Automate risk assessment

Instant, data-driven medical risk scores at the point of sale. Reduce manual effort, improve accuracy, and streamline underwriting and claims.

Build trust through transparency

Show customers exactly what’s covered before they buy. Simplify decisions, boost satisfaction, and strengthen loyalty.

A new kind of Canadian traveller, a new kind of risk

Older Canadians are one of the most valuable, yet most underserved, segments in travel insurance. They’re travelling further, staying longer, and choosing exotic destinations. Today’s travellers increasingly demand transparent, inclusive coverage that provides confidence their medical needs are protected.

The risk equation has shifted. Insurers must now balance seamless protection with the business need for profitability and precision.

1 in 3

are not confident their policy meets their medical needs

81%

would switch providers for clearer coverage on existing conditions

14%

have avoided travel due to lack of suitable coverage

How insurers can handle the risk of inclusive coverage for Canadian travellers

Canadian travellers with medical conditions are done being left behind. Discover how inclusive coverage is reshaping insurance.

Download the whitepaper

How insurers can handle the risk of inclusive coverage for Canadian travellers

Group Of Friends Walking Through Field2 1

See risk more clearly, with Verisk’s Risk Rating Tool. Expand coverage, retain customers, and protect profitability, all with Verisk’s Risk Rating Tool.

Request a demo

Powering the next era of travel insurance with data, automation, and confidence

The opportunity is clear, but so is the complexity. Verisk’s Risk Rating Tool gives insurers the data, automation, and clinical insight to underwrite existing medical conditions with confidence.

Control exposure, protect profitability, and meet evolving customer expectations, all in one seamless solution.

Powering the next era of travel insurance with data, automation, and confidence

How it works

A seamless, fully embedded customer journey, powered by Verisk’s medical intelligence.

Step 1: Smart eligibility check

Introduce a quick on-site check that identifies travellers with existing conditions. No redirects. No friction. You decide who gets screened.

Step 2: Automated medical risk assessment

Travellers declare their conditions through a dynamic questionnaire. Verisk’s engine, built on vast medical data and clinical expertise, generates a real-time relative risk score based on their declared conditions.

Step 3: Accurate outcomes with clinical accuracy

Verisk’s relative risk score models claim likelihood and potential associated costs, guiding your premium adjustments at the point of sale. You maintain full control, with adjustable thresholds and exposure caps to suit your underwriting rules and risk appetite.

With the Verisk Travel Risk Rating Tool, we’ve opened the door to covering more travellers with existing medical conditions. Its speed and accuracy make the process seamless. A genuine win for our customers and a strong advantage for our business.

Dean Van Es

Fast Cover

CEO

Verisk’s Risk Rating Tool has been a catalyst for our success as pre-existing medical conditions are prevalent among travellers. Importantly, the tool enabled us to maintain our loss ratio as we have an intrinsic understanding of the risk presented by our travellers.

Europ Assistance Australia

Insurance Professional

Contact us to learn more

We are available Monday through Friday, 7 a.m. — 9 p.m. US Eastern Time:

Note that password resets and user information are not available through live chat or email. Instead, please call the main toll-free number.

Main toll-free:

1-800-888-4476

Global toll-free:

International Access code, then 800 48977489
When calling from the UK, please dial 00 800 4897 7489

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