Commercial Rebuild

Reliably predict rebuild costs for UK commercial property— in real time.

Underinsurance in commercial property

46% of commercial properties in the UK are underinsured, with an average shortfall in cover of about 40%. This can be costly, slow the claim cycle, and negatively impact your customers’ experience.

Underinsurance in commercial property

Contractors Reviewing Construction Plans Onsite V2

Streamline decision-making, reduce costs, and improve risk assessments

Based on a surveyor model and driven by Verisk property data, Commercial Rebuild can be integrated with your systems or conveniently accessed through our online risk mapping application.

Reliable real-time solution

Gain easy-to-implement access to real-time commercial rebuild values—just enter a risk address.

Better customer outcomes

Receive up-to-date, reliable rebuild costs for properties and reduce the risk of underinsurance.

Increase underwriting profitability

Improve underwriting accuracy, reduce premium leakage, and boost profitability.

Features and capabilities

Ease, speed, and accuracy

With just a risk address and a simple API call, access a real-time rebuild value in less than a second. Verisk finds up-to-date, reliable property data from the address and drives it through the model to generate the result.

Trusted data sources

Join an expert surveyor model steeped in decades experience with a market-leading property data set to drive more accurate calculations.

Flexible model

Choose how you deploy our solution: via API for integration with your quote engine or underwriting system, batch process for renewals or book analysis, or online risk mapping application for manual underwriting or renewals. Drive even better results when customers add their own golden property data.

Unrivalled coverage

Access 3.5M commercial addresses, 810,000 mixed-use addresses, 1.2M commercial buildings, and 404,000 mixed-use buildings in Great Britain. The model calculates rebuild costs for any property, given specified basic inputs.

The power data can bring

Underinsured commercial property is a challenge for insurers, managing general agents (MGAs), and brokers alike.With high-quality, complete, and easily accessible data, underwriters are better able to provide accurate risk assessments both economically and at scale.

Verisk’s Nutan Rajguru highlights a shift from experience-based underwriting to data-driven approaches to facilitate more accurate property valuations and risk assessments.

Read the article