Verisk draws on unique data assets to develop solutions that help insurers underwrite and price risks with greater precision and efficiency and manage claims more effectively. Verisk works with multiple stakeholders in the property/casualty and life insurance industries, including insurers, reinsurers, third-party administrators, agents and brokers, insurance regulators, and risk managers.
The impact of COVID-19 on the industry is just beginning to unfold. Below are some of the analytics Verisk has developed to help insurers make more informed decisions about risk at this rapidly changing time. You’re welcome to use these as a resource with appropriate attribution. If you would like to explore a different piece of information, please let us know. Contact us now.
Xactware’s research team has been closely monitoring trends in claims, pricing, and practice in the property insurance claims industry during the COVID-19 pandemic. This regularly updated report provides the latest insights on how the costs are trending and how the industry is evolving to meet carrier and policyholder needs.
The 360Value® Quarterly Cost Update report compiles cost research conducted by Xactware, a Verisk business, and validated at a local level. Research process includes feedback on reconstruction costs from contractors and claims adjusters, extensive material and labor cost surveys, and analysis of more than 5 million actual damage repair estimates for claims each year.
These interactive charts illustrate the latest reconstruction costs with separate views of material and labor.
The BuildFax Housing Health Report provides monthly insight into the health of the U.S. housing market with a particular focus on single-family housing authorizations and existing housing maintenance trends. BuildFax, a Verisk business, is a leading provider of property condition and history data for insurance and financial institutions.
BuildFax, a Verisk business, closely monitors and provides insights on housing activity, economic impact, and risk as it relates to the Coronavirus pandemic.