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.
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.
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.
The cost and structural complexity of a roof, coupled with its critical role as protection from the elements, can raise particular concerns for many property insurance underwriters. Verisk estimates U.S. roof claims exceeded $19 billion just in 2021, making up about 30 percent of all property loss dollars.
Verisk provides detailed analytics of weather, climate, and environmental perils to help you understand and manage risk, better allocate field staff, improve customer satisfaction, shorten workflow cycles, and support profitability.
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.
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
Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.Read the article
To help insurers navigate the increasing complexity in the market, Verisk has developed the Market Expectations Index for 360Value.Read the article
A new law is expected to have a far-reaching impact on the Florida insurance market.Read the article
Insurers must explore changes affecting their risk portfolio and leverage component- and property-level insights to help them maintain ITV.Read the article
As climate change unfolds, hurricanes give a high-profile glimpse into the potential effects of a warming world.Read the article
Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).Read the article
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