Evolving technology, emerging risks, and rising customer expectations are creating constant challenges for property/casualty insurers. How can insurers create innovative insurance programs, streamline data reporting to regulators, and leverage analytics to assess and price risks with speed and precision?
Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.
Read the articleThe rising cost of physical damage claims has auto insurers asking questions about premium adequacy.
Read the articleThere’s a serious need for actuarial insights focused specifically on the highly competitive market of non-standard auto insurance.
Read the articleHow each connection in the tangled web of vehicle cybersecurity could represent a potential vulnerability for bad actors to exploit.
Read the articlePrefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured data
Read the articleVerisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Read the articleAutomated underwriting requires high-quality data. The quote must be informed by a holistic view of the applicant’s risk profile.
Read the articleVerisk’s Climate Change Projections help organizations investigate how loss metrics such as average annual losses (AALs) and return period may change in the future.
Read the articleMake more informed decisions, plan strategically, and comply with federal and state requirements with a wide range of compliance and reporting services.
Enhance data quality and management and streamline compliance and regulatory reporting processes with industry-leading databases and online platforms.
Address risk exposures, define and cover policyholder risks, and enter new markets and lines of business with industry-standard insurance programs, advisory loss costs, and forms management tools.
Maintain rating integrity and meet evolving customer expectations, with updated replacement cost estimates based on actual claims data.
Refine underwriting and rating, accelerate first notice of loss, and achieve proactive mitigation services with telematics and Internet of Things solutions.
Improve the customer experience, refine underwriting, and expand your market with the automated assessment of pre-existing medical conditions.
Enhance your premium audits with robust information on classification and rating. Stay updated on premium audit issues with a wide range of bulletins.
Gain access to critical and up-to-date information on risk management and loss control.
Enhance your surveys, inspections, and site visits with reliable, up-to-date information on properties and the risks they pose.
Climate change and population shifts toward areas prone to catastrophe are heightening the need for insurers to understand their exposure to potentially devastating losses.