How is your property book holding up to the latest inflation surges?
Rising replacement prices may contribute to a $30B increase in loss costs
Rising replacement prices may contribute to a $30B increase in loss costs
Ensuring insurance to value (ITV) is good for all parties throughout the (re)insurance value chain: Policyholders are better protected in the event of a total loss, insurers can collect premiums appropriate to the risk, and reinsurers can more accurately assess the risk they are assuming from each of their cedants.
(Re)insurers require granular, timely, and comprehensive replacement costs estimates to successfully navigate today’s volatile, inflationary environment.
Is my data current enough to stay up to date with the changing economic environment?
Am I aligned to claims in the event of a significant loss for properties on my book or cedants in my portfolio?
Am I factoring in all necessary components, including local labor and material costs, for a rebuild?
Is my data partner both reliable and innovative given increasing market pressures?
How Verisk can help
How Verisk can help
- Learn more about Insurance to Value
360Value is one of the only valuation tools using component-level reconstruction costs that are updated monthly and based on over 20 years of actual insurance claims data, localized for the properties you want.
- Learn more about Touchstone
Touchstone fuels business agility and innovation by enabling you to bring together internal and external views of risk on one holistic platform.
