Rating and Underwriting
The right information guides smart decisions from start to finish
With more complex personal property risks and rising customer expectations, how can insurers maintain underwriting and pricing discipline in a fast-paced market? Verisk has deep data resources, powerful analytics, and fast delivery via InsurTech platforms.
A comprehensive view of property risk™
Support consistent, granular underwriting and rating with simplified workflows powered by deep analytics and actionable data.
Pinpoint weather and catastrophe perils by property
Pinpoint weather and catastrophe perils by property
Risk-specific, address-level information helps inform underwriting and pricing, portfolio management, and renewals through a consolidated suite of critical data solutions. From community resiliency and safety data to natural hazard and catastrophe risk, Verisk has on-the-ground insights.
Get reliable replacement costs across your portfolio
Get reliable replacement costs across your portfolio
Replacement cost estimates (RCEs) fluctuate as homeowners improve properties and building material prices rise and fall. Reliable RCEs can help guide appropriate protection. Use a multisource property prefill database that analyzes diverse data sources to identify the most reliable information per characteristic.
Know your roof exposure
Know your roof exposure
A roof is costly and subject to relentless wear and tear—so it’s often considered a critical property underwriting attribute. See how its condition changes over time and help capture potential hazards: Nearby or overhanging trees, damage-prone materials, and expensive attachments such as solar panels.
Capture multiple indicators for property condition
Capture multiple indicators for property condition
An ecosystem of data, imagery, and powerful analytics can help assess age, condition, and even hidden damage that can affect the roof, major systems, and property features. Homeowner information can help point to potential maintenance issues.
Take your inspections digital, quickly
Take your inspections digital, quickly
With the latest InsurTech, you can quickly access reliable, current risk data to support more informed business decisions and a better customer experience. Use Verisk’s virtual inspection tool to easily communicate with homeowners in real time and capture pertinent property information with images, videos, and forms.
About 70% of homeowners polices have no past claims
About 70% of homeowners polices have no past claims
With less uprating after the initial quote, you can improve the customer experience to help win and retain more business. Let us help you optimize loss history costs with informed decisions on ordering full-detail reports—at quote start.
Innovative solutions that span the policy life cycle
From quote...
Multistep quoting can miss the rising expectations of today's consumers. Serve them quickly through InsurTech platforms, deep data resources, and powerful analytics.
…To renewal
Changes in ownership and maintenance or new additions and renovations may reflect owners’ shifting circumstances. And fluctuating labor and materials markets can affect reconstruction costs.
Maximize actionable underwriting data at bind and renewal
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.
