Analysing loss trends, evaluating reserve adequacy, and assessing the increasing or decreasing importance of perils as a cost driver are all key to making better-informed pricing and actuarial decisions. Verisk provides aggregate premium and loss experience data from one of the largest property & casualty databases in the world and offers many services to actuaries including benchmarking, classification analysis, product development, as well as loss development trends, loss ratios and profit measures.
Measure and monitor aggregations of cyber risk and estimate potential insured cyber losses on any commercial insurance policy, including those vulnerable to silent cyber.
Using machine learning, stochastic modelling, and data on nearly 100,000 historical cyber events, our InsurTech solution generates reports within seconds that can help you underwrite a variety of cyber risks with increased speed and precision.
Lack of industry-wide cyber insurance data is a significant challenge for insurers. Verisk has created a data exchange for participating companies to contribute their own data, which is then aggregated and summarised to provide business intelligence via interactive dashboards.
Gain almost instant access to verified, reliable data on millions of commercial and personal properties across the United States to support your underwriting decisions.
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.
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.
Gain timely, accurate information on topics such as loss and premium trend, risk classifications, loss development, increased limits factors, catastrophe and excess losses, and expenses. You can evaluate your own company’s loss and expense experience against data aggregated over a broad base of insurers.
DataCube provides aggregate premium and loss experience data at a granular level from one of the largest property/casualty insurance databases in the world to help you make important decisions about your portfolio. It supports a wide range of functions, including benchmarking, classification analysis, ratemaking, product development, underwriting, strategic planning, and market research.
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 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.
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.
Analyze Re, part of AIR Worldwide, delivers sophisticated real-time reinsurance analytics designed to significantly improve the pricing, portfolio management, and optimisation capability of companies that buy, sell, or manage reinsurance contracts and portfolios.
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.
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.
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.
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 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.
Pinpoint a property’s actual location down the decimal with Verisk’s geolocational data.
Identify the risk of pre-existing hail damage, along with areas of traditional and emerging hail risk, for the properties you insure.
Gain accurate and reliable information on communities’ building code adoption and enforcement across the United States.
Identify and manage coastal property risk at an address level with accurate and trusted coastal measurements for even the most complex coastlines.
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.