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.
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.
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.
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.
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.
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.
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.
Multistep quoting can miss the rising expectations of today's consumers. Serve them quickly through InsurTech platforms, deep data resources, and powerful analytics.
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.
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.
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