Insurers have explored the potential benefits of IoT data from residential and commercial properties across the policy life cycle; the challenge is to weave insights into workflows at scale. Verisk can help unlock new use cases with access to multisource data and advanced analytics.
Underwrite more accurately and combat premium leakage by digitally verifying that monitored security systems and protective smart devices are in place and active before granting insurance discounts or credits.
Power use cases across the insurance life cycle and fuel risk scores with rich behavioral data from a wide array of smart home vendors, devices, and platforms.
IoT data can support use cases across the policy life cycle and strengthen the customer experience.
A single access point unlocks data from a range of property-based IoT providers.
Source-agnostic data accelerates value creation and reduces the heavy lifting.
Purpose-built data sharing features give customers more control and foster trust-based relationships.
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Verisk insurance consultants can help you leverage telematics data and analytics to better understand how they align with your strategic direction.
With growing complexity in personal property risk and rising customer expectations, how do insurers achieve sound underwriting and pricing at a competitive pace?
With reliable data from more than 12.2 million properties, 25 million businesses, 2.6 million OSHA violations, and 15 million restaurant violations, you get essential information for your underwriting.