Underwriting and Rating

Services to manage risk

We provide underwriting and rating information and services to help you understand and manage risks, reduce policy acquisition costs, improve rate classification integrity, and support your growth and retention strategies. Our offerings help you price your risks, reduce premium leakage, and maximize profitability.

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Products and Services

Speed to market with accurate pricing is vital. You need to underwrite and quote coverage fast, or you’ll lose out to the competition. The loss cost, rating, and risk selection information available through our ProMetrix® suite of services lets you price policies accurately and get quotes to customers quickly.
You can immediately gain a competitive advantage when you understand which properties fit your underwriting guidelines and which require more intensive review. Verisk’s Building Underwriting Report provides extensive information on the construction, occupancy, hazards, fire protection, and applicable wind exposure of any risk in the ProMetrix® commercial property database. And it includes our Relative Hazard Percentile, which gives an objective score for individual risk selection.
In a fast-paced market, you need to respond to new business opportunities even when there’s limited information available. To avoid making a straight declination or losing out to the competition while waiting for a field inspection, Verisk’s Estimated Loss Cost Quote Report gives you a quick, simple, and economical way to estimate both class-rated and specifically rated commercial loss costs with limited information.
A filed loss cost is a powerful driver of underwriting and pricing, helping you determine adequate premium. But that same loss cost may seem to limit your options to improve premium and accurately price policies for your insureds. Our Loss Cost Quote Report helps you beat the competition with reliable loss cost, rating, and risk selection information.
Visual information is often key to helping you understand potential risk and price policies accurately. You need reliable, detailed information to underwrite and quote coverage fast, or you’ll lose out to the competition. Verisk’s PhotoPak™ gives you full-color photographs of commercial properties and surrounding exposures along with other valuable data.
Speed to market with accurate pricing is vital, but sometimes a detailed report based on an on-site inspection isn’t available. However, reliable information that’s specific to your needs is still critical. That’s why we offer Verisk’s Property Details Report, a street-level, exterior-only building survey by a trained Verisk field analyst.