Identifying the properties in your portfolio most prone to freezing-related water damage is a granular, data-intensive exercise that might strain your resources. But not knowing may lead to mispriced policies and unexpected losses.
Freeze Insight is an analytics model that predicts the relative risk of escape of water claims due to burst pipes following localised frost events across the United Kingdom.
While Freeze Insight captures escape of water risk caused by cold weather and frost, Verisk’s Escape of Water Insight assesses the risks associated with maintenance-related plumbing incidents.
Freeze Insight is based on 1.7 million postcode locations and more than 70 million temperature records to predict the relative annual frequency of burst pipe claims due to freezing.