Not understanding the true nature of a business and how well it is managed can have huge consequences for commercial underwriters. What if you could access this information almost instantly?
Management Insight Score is a score that ranks companies relative to their peers based on how well the business is managed. It captures many aspects of a company’s management such as its credit score, financials, directorship, and any past adverse events, which is then aggregated into a single score which underwriting teams can use to quantify commercial liability risks.
Through access to high-quality external data sources, insurers can greatly reduce the time and effort involved in researching the businesses associated with a commercial lot, their activities, their financial health, and how well they are managed without the need to extend the underwriting question set.
Where applicable, Verisk generates an industry score to compare companies with peers in their respective industries, or an industry and size score for when you need industry benchmarking further broken down by size: micro, small, medium, and large.