Operational Efficiency Solutions for the London Market
As digital solutions and InsurTech present faster and easier ways of doing business, London Market insurers may need to take advantage of these technologies and innovations to ensure they remain competitive. Verisk offers platforms and tools that help you better manage your time and resources by cutting out unnecessary processes and costs.
Lloyd’s
Lloyd’s Wordings Repository (LWR)
Achieve pre-bind quality assurance and contract certainty with a source of model wordings for use in the London Market.
Lloyd’s ISO Portal
Accessing reliable data in the Lloyd’s Market doesn’t have to be a wild-goose chase. Indispensable information on loss costs, rating factors, policy forms and wordings, as well as estimates of insured catastrophic losses are at your fingertips through a dedicated web portal.
ISO Loss Costs
In conjunction with representatives from the Lloyd’s market, Verisk developed a web portal that includes interactive maps that lets you interrogate a vast database of rating information and produce loss cost averages for multiple scenarios across many classes and U.S. jurisdictions. You can also simply download rating information and incorporate it into your own rating models.
Wordings
Mozart
Easily research, develop and distribute insurance products with a centralised forms repository and library for both your proprietary policy forms and ISO Forms.
Sequel Underwriting
Sequel Underwriting is a core underwriting platform that allows you to handle complex policy information quickly and accurately, and to streamline the entire lifecycle of your insurance reinsurance business, from underwriting and accounting to claims settlement and reinsurance.
Sequel Rulebook
Sequel Rulebook is a pricing, underwriting, and distribution platform for the specialty insurance market, using a dynamic rules engine capable of embracing pricing models across all major classes of business.
Aerial Imagery
Aerial Imagery
Verisk RealTwiin
Verisk RealTwiin uses aerial imagery that captures both orthogonal and obliques images of U.S. properties that can help confirm characteristics and conditions. These photos can help property professionals in a variety of ways, including assessing risks, discovering hazards, performing valuations, and determining the scope of damage to a property. To find out more, please contact Chris Kent at Chris.Kent@verisk.com.
Claims
ClaimSearch
Take advantage of robust claims-matching technology and one of the world’s largest database of property/casualty claims to help facilitate fast-tracking and detect fraud.
Sequel Broking
Sequel Broking is a one-stop solution for insurance and reinsurance brokers, from placement and billing to claims management and technical accounting. It generates reports instantly for faster decision making and allows you manage complex risks, including vertical placement and subscription business.
Property Estimating Solutions
Verisk Property Estimating Solutions supports almost every facet of the property and insurance industries with tools and services that enhance estimating cycles, project workflows, and business analytics.
Reinsurance
Reinsurance
Sequel Re
Manage your entire reinsurance process with confidence, with a platform that covers every outwards reinsurance scenario with flexibility, power and accuracy. Sequel Re provides real-time, web-based workflows to cover the full suite of reinsurance policies, in a way that suits your business.