COVID-19 Resources for P&C Insurers

Verisk Data Trends During the COVID-19 Pandemic

Verisk Data Trends

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.

Forecasting the Impact of the COVID-19 Pandemic on U.S. Commercial Lines

ISO MarketStance helps support commercial lines growth, transforming geographic, industry, and size-of-business data into detailed premium forecasts.

This interactive chart provides forecasts of commercial lines premiums in the United States by location.

Cost Trends for Labor and Material Used in Claims and Remodeling

2021 Apr Overall Lumber Trend

Cost Trends for Labor and Material Used in Claims and Remodeling

Xactware, a Verisk business, closely monitors pricing trends for materials and equipment used in restoration and rebuilding. This regularly updated report provides the latest insights on how these costs are trending.

Reconstruction Costs by State

Reconstruction Costs Us Map
Percent Change in Reconstruction Costs by State - October 2019 to October 2020

Source: 360Value Quarterly Cost Update, Q4 2020

Reconstruction Costs by State

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.

Housing Market Health

House Reports
Existing Maintenance and Remodel Volume

Source: c2021 Verisk. Existing Property Condition Volume trend, Housing Health Report.

Housing Market Health

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.

Permitted Construction Activity

Permitted Construction Covid 19 Map
Permitted Construction Activity

Source: c2021 Verisk. Permitted Construction Activity by County.

Permitted Construction Activity

BuildFax, a Verisk business, closely monitors and provides insights on housing activity, economic impact, and risk as it relates to the Coronavirus pandemic.