Underwriting Solutions for the London Market
London Market insurers write insurance and reinsurance policies across many different lines of business and geographies. They need to be able to process insurance applications and make decisions around policies quickly and effectively. From policy language and Lloyd’s-specific wordings to property characteristics and catastrophe analytics, Verisk provides a range of tools to underwrite more accurately and efficiently.
Wordings
ISO Forms
For over 40 years, ISO Forms have been carefully constructed to address property and liability risks with 30,000 policy forms across 29 lines of business.
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 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.
Sequel MGA
Sequel MGA provides complete delegated authority management, from product distribution and document production to policy administration, accounting, and reporting. It allows you to manage your tasks faster and more fairly, improve client services, and reduce costs.
Property/Casualty Data
U.S. Property Data
Gain almost instant access to verified, reliable data on millions of commercial and personal properties across the United States to support your underwriting decisions.
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.
ISO Size-of-Loss Matrix
Our Size of Loss Matrix is a better way to visualise complex data of long-term and excess loss development, trends, loss ratios, and profit measures across ten lines of business and 72 markets.
Respond
Respond provides real-time weather analysis and forecasts of claims volumes for natural hazard events and allows you to visualise the effect of each peril in the context of local policies.
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.
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.
Hazard Data
Public Protection Classification (PPC) Service
Fully capture the level of fire protection in communities across the United States. The PPC program provides grades to communities across the United States based on their fire prevention and suppression systems.
FireLine
Location-specific characteristics (fuel, slope, and access) of the environment in which properties are situated play a significant role in determining the level of exposure to wildfire hazard. FireLine provides detailed, current information to analyse wildfire risk in the United States down to the individual address.
WaterLine
WaterLine allows you to score flood risk for all properties in the contiguous United States based on advanced models of river, surface, and storm surge flooding.
Latitude/Longitude
Pinpoint a property’s actual location down the decimal with Verisk’s geolocational data.
Hail Risk and Damage
Identify the risk of pre-existing hail damage, along with areas of traditional and emerging hail risk, for the properties you insure.
BCEGS
Gain accurate and reliable information on communities’ building code adoption and enforcement across the United States.
Distance to Coast
Identify and manage coastal property risk at an address level with accurate and trusted coastal measurements for even the most complex coastlines.
Casualty
Casualty
Arium
With Arium, you can quantify the impact of liability accumulations and loss potential across all commercial liability lines of business and use the information to enhance your pricing and actuarial decisions.
Catastrophe Analytics
AIR Worldwide Nat Cat Modelling
AIR Worldwide can help you quantify and manage your risk from extreme events through catastrophe modelling and risk assessment. More than 400 organisations rely on AIR’s models, software, and services to manage their risk from natural catastrophes, terrorism, cyber-attacks, and pandemics. Use the results for better pricing, underwriting, and risk management.
Sequel Impact
With Sequel Impact, you can quantify your total risk exposure for any insurable risk in any business sector in seconds. It allows you to overlay simulated events like earthquakes, fires, or floods onto designated geographic areas for pinpoint risk modelling.
Claims
Claims
A-PLUS Commercial
The A-PLUS Commercial contributory database is derived from the world’s largest claims repository of more than 1.3 billion claims. Each week, 90 percent of the claims are updated, representing the most comprehensive loss run tool in the market today.