Campaigns | Verisk Insurance Solutions

 
New Innovation Paper: Application Integrity — The Whole Truth Three large national auto insurers were looking to deepen their understanding of a conundrum shared by many of their competitors: their loss ratios were deteriorating at an alarming rate. What you’ll learn: The mysteries solved by a Verisk-led research initiative Potential...
Case study Liberty Mutual achieves improvement in EDI compliance with wcAnalyzer Workers' compensation insurers face a twofold challenge as more states adopt electronic data interchange (EDI) reporting—and each jurisdiction seems to require more rigorous reporting than the one before it. How can carriers adapt to evolving EDI claim submission requirements?...
Case study wcAnalyzer helps the Virginia Workers’ Compensation Commission fulfill its mission Eight years after moving to a paperless Electronic Data Exchange (EDI) program to handle collection and management of accident claims and transaction processing data, a large public workers' comp commission found itself manually digging for mislabeled files and...
Celent survey reveals attitudes of software vendors toward ISO rating options A recent Celent survey of policy administration and stand-alone rating engine software vendors finds a growing interest in ISO Electronic Rating Content (ISO ERC) from insurance customers. Most vendors see the enablement of ISO ERC as a competitive advantage...
Client Engagement Intelligence and Follow Up Activities     //
New survey explores how U.K. insurers are acquiring and using external modeling data Earnix and ISO, a Verisk Analytics business, recently conducted a survey on external data acquisition and usage with U.K. insurance professionals whose companies provide personal lines coverage. The survey results provide answers to a number of questions,...
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High Hail Damage Score correlates to a high claims loss. The Hail Damage Score assesses the likelihood a property has had exposure to severe hail. Using Benchmark™, we assigned a Hail Damage Score™ to hail claims in our A-PLUS™ loss history database from 2009 through 2013. Our claims analysis revealed...
Is it time to consider a property-level hail risk management strategy? Play the video to see how different hail risk can appear when viewed from different perspectives.     //
Identifying $4.5 billion in premium leakage The industry is estimated to suffer up to $4.5 billion in commercial property premium leakage due to misclassification over the next four years. Commercial property misclassification by category: 32.5% for construction class 37.3% for fire protection How much of that leakage is yours? Verisk...
Insurers Looking for Experts to Handle Big Data, According to New Study Property/casualty insurers in North America are increasingly looking to hire people with advanced degrees in analytics and data science to work on big data projects, according to a new study conducted by Strategy Meets Action (SMA), a leading...
Download our free white paper about the growth of ridesharing and the potential risks it presents to the insurance industry.
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New ISO Survey Results on Millennials and Insurance Do millennials typically... live with their parents, instead of buying a home? rent or borrow cars, rather than own or lease them? plan to obtain homeowners and personal auto insurance in the future? ISO, a Verisk Analytics business, in conjunction with Hanover...
A Common Language — New Paper Looks at How to Price International Property Coverage by Individual Risk The hardest part of insuring properties outside the United States isn’t usually obtaining the proper translation from another language. It’s often trying to get others, from the risk manager and broker, to insurer...
When you consider the future of drones or unmanned aircraft, as they become more prevalent, the sky’s truly the limit. This white paper explores the potential uses for drones in various markets and industries.
New White Paper on Millennial Consumers and the Insurance Industry The generation commonly known as millennials, or Generation Y, is coming of age in the United States and potentially creating new challenges and opportunities for the insurance industry. Unlike their parents, millennials have typically elected a lifestyle that includes postponing...
Emerging Issues New White Paper Outlines The Promise and Perils of 3D Printing The introduction of 3D printing to the consumer market has brought innovation and manufacturing to the masses. But it has also brought the potential for new risks and exposures to various markets and industries, including healthcare, food...
Report Reveals A Better Way to Manage ISO Content Novarica’s industry report, based on a survey of insurers using ISO circular content, compares how the time and costs of handling ISO changes differ depending on whether a carrier is using a traditional manual process or a newer electronic process. Among...
New Innovation Paper: The Challenge of Auto Insurance Premium Leakage Personal auto insurers have at least a $29 billion annual problem: premium leakage—omitted or misstated underwriting information that leads to inaccurate rates. With profitability under intense pressure from all sides, premium leakage demands attention. What you’ll learn: Results from a...
Verisk Wildfire Risk Analysis The Verisk Wildfire Risk Analysis determined the number and percentage of households at high or extreme risk from wildfire in the 13 most wildfire-prone states. To see complete reports, just fill out the form. Number of Households* at High or Extreme Risk from Wildfire**   Percentage...