More complex risks and generational shifts in purchasing are transforming personal property insurance. Verisk has tools to help you adapt to the changing environment - from details that please your customers to strategic insights that help guide your market strategy.
Use robust data for more accurate risk selection and pricing.
Stay compliant and prepare for emerging risks.
Improve profitability and optimize resources for new business growth.
Determining the right level of protection requires detailed knowledge, from foundation to rooftop, sidewalk to garden shed. Learn how Verisk residential property intelligence solutions can help you better underwrite and manage risk.
Evaluating property risk is increasingly complex and data-intensive. You can simplify workflows and accelerate underwriting and rating with a consolidated, wide-ranging, and continually updated source.
Integrating new data sources and technology can demand significant IT resources and time. Verisk backs its underwriting data solutions with a robust, flexible architecture to deliver near-instantaneous information when insurers need it.
Florida's market and regulatory forces are changing the profile of roof exposure for many insurers. Powerful data and analytics can help maintain a clear picture.
From a new pool to a new vacancy, the homes you insure and the people who own them can present ever-evolving risk profiles. Discovering property change events helps insurers obtain a clearer view of their portfolio to help focus on profitability, maintain underwriting standards, and focus on new business growth.
This report examines recent activity, trends, and data-driven tools to help insurers and communities better measure and mitigate risk surrounding three especially destructive categories of hazards: Hail and severe thunderstorms, wildfires, and hurricanes.
Replacement costs can fluctuate for properties you insure when homeowners make improvements and building material prices rise and fall. Reliable component-based, claims-driven replacement cost estimates are available to help keep policyholders better protected.
Powered by Verisk’s Core Lines Services, Executive Insights reports feature a snapshot of the state of insurance through the unique prism of Verisk’s expert analysis and proprietary data, including billions of granular statistical records from insurers across the U.S.
A hardening market and profit pressures are continuing points of focus for property insurers. Nonrate actions can be the fastest ways to find missing premium and avoid increased risk.
Pursuing new markets can be challenging. See how Verisk's ecosystem can help.
Verisk is ahead of the curve in offering data to its insurer customers in novel ways that allow us to generate new value for the insurance consumer. By embedding high-quality risk data deeply within our underwriting, we can deliver on the vision of a better experience for the modern insurance buyer.
- Steve Lekas
- Co-founder and chief executive officer at Branch
Verisk’s solutions help us build upon a solid and substantial foundation, enhancing our ability to bring tailored coverage options to homeowners across the United States.
- Ty Harris
- Chief executive officer and co-founder of Openly
Verisk provides the cutting-edge, InsurTech solutions we need to maintain our policyholder-first mentality as we aim to set the new standard in home protection in an increasingly complex and challenging market.
- David Howard
- Chief executive officer of VYRD
The simplicity of 360Value saves our agents time by dependably prefilling more accurate underwriting information when evaluating a risk, whether it’s related to a home, commercial premises or agricultural property.
- Donny Kaneshiro
- Vice president of operations and underwriting at Mountain West
As we continue to fuel our digital transformations, leveraging the industry's most longstanding and robust fire protection data points from Verisk will help us better serve our customers and improve our competitive position in the market.
- Jason VanSteenburg
- Vice president and director of marketing at Pioneer State Mutual
Verisk supports research and education to reduce the scope and severity of wildfire losses, working with community-level mitigation programs to track participation.
Catastrophe models help better understand and quanitfy insured losses caused by climate change and climate variability.
Read the articleWildfires have moved rapidly to the fore as an exposure for insurers to understand and manage in states at high risk for this peril.
Read the articleDespite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.
Read the articleFrom estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.
Read the articleDetermining or verifying key risk characteristics of insured property or vehicles can be costly, labor-intensive, and time-consuming.
Read the articleTotal reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.
Read the article