With more complex personal property risks and rising customer expectations, how can insurers keep pace in the market and maintain underwriting and pricing discipline? Verisk has answers with deep data resources, powerful analytics, and fast delivery via InsurTech platforms.
Risk-specific, address-level information helps inform underwriting and pricing, portfolio management, and renewals through a suite of solutions that consolidate critical data.
Replacement cost estimates (RCE) fluctuate as homeowners improve properties and building material prices rise and fall. Reliable RCEs can guide appropriate protection.
Get ahead with a multisource property prefill database that analyzes diverse data sources to identify the most reliable information per characteristic.
Data derived from aerial imagery through machine learning can help insurers identify exposures and automate more accurate underwriting throughout the policy lifecycle.
Identify and verify critical risk characteristics while collaborating with policyholders to build trust, increase engagement, and minimize on-site inspections.
Actionable property-level information on foreclosures, LLCs, mortgages, ownership and occupancy status, rental history, and sale activity helps you understand risk.
You can reduce uprating after the initial quote, improve the customer experience, and win and retain more business. And we can help you optimize loss history costs with informed decisions on ordering full-detail reports—at quote start.
Knowing the health and age of a structure’s major systems—building, mechanical, electrical, and plumbing—can support accurate and customer-friendly risk assessment.
A roof is a critical property underwriting attribute. Insurers need to know its condition—and uncover any hidden damage.
Uncover events that shift a property’s risk profile to help you capture accurate premium, underwrite to your risk appetite, and support your profitability.
The pace of property remodels, updates, and maintenance is increasing. If not captured, this could undermine pricing, new business underwriting, and portfolio management.
Accelerate profitable growth and automated underwriting with targeted data. LightSpeed® for Homeowners is a configurable data solution that pulls critical information upfront in the workflow.