Data and Analytics for Commercial Property
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 commercial property policies accurately and get quotes to customers quickly.
How reliable are your commercial property replacement cost estimates? Verisk’s 360Value for Commercial Lines provides more reliable, component-based replacement cost estimates that account for virtually all material and labor required to rebuild.
The international community demands actionable and reliable underwriting data, something that’s been lacking in many regions. Speed to market with accurate pricing is vital, and specific information on properties is critical. Verisk’s commercial property data has set the standard.
ISO MarketStance helps insurers distill and synthesize geographic, industry, and size-of-business data into reports and visualizations to support decision making and grow profitably amid the complexity of the insurance market.
An ISO Sprinkler Plan Review—for building-code and fire officials and sprinkler-system contractors—gives you an unbiased evaluation of a planned sprinkler system before the building goes up or the system goes in.
Misclassifications and a lack of granular data often cause errors in selecting and pricing liability risks, and that can negatively affect your profitability. Verisk provides underwriters with a comprehensive, single-source, point-of-sale liability report that contains information you can count on.
The small business sector represents over $15 billion in potential market for insurers, but it’s challenging to penetrate and then expand into. You need both speed and scale to make BOP profitable, but you can’t compromise your underwriting guidelines. Fortunately, with Verisk’s Small Commercial solution none of that is mutually exclusive.
Insurers need reliable insured loss history data at point of sale or run the risk of underwriting commercial policies incorrectly. That can lead to higher loss ratios and loss of profitability. Also, having to wait too long for reliable data can lead to lost revenue opportunities. Verisk’s A-PLUS™ Commercial can provide that data at point of sale—quickly.
Engineering and Safety Service (E&S™) is the leading provider of technical, legislative, and regulatory information for risk management and loss control. We provide technical reports, training programs, legislative and regulatory information, and unique consultation services for managing commercial property/casualty risk and promoting the safety and welfare of the public.