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 – insurance solutions can perform a complete portfolio assessment of your book of business to find out.
- Identify and correct misclassifications across all commercial lines.
- Hear about prefill and straight-through-processing solutions backed by verified data.
- Learn the best practices from our team of experienced consultants.
Complete the form to get started.