If you base your pricing or reserving on just your limited internal data, you may be missing opportunities for growth and profitability, and long-term viability. We can help.
The casualty market can be especially difficult to underwrite because losses can often take years to develop, making it difficult to evaluate changes in trends. Verisk’s casualty solutions provide the robust, macro, industry-level loss and pricing analytics you need to help better understand where you are in the underwriting cycle and make informed pricing and reserving decisions.
Setting the right price is a constant battle in the highly competitive property insurance market. Verisk's property solutions enable you to perform detailed ground-up and excess pricing for accounts and portfolios from individual, banded, or complex layered exposures.
Embrace digital transformation strategies with our Commercial Lines Underwriting Solutions.
Like the pandemic or Great Recession, disruptive large-scale events force actuaries to make significant assumptions about loss activity to offset distortions. Learn more about factors to consider while adjusting for the long-term impact of COVID on your portfolio in our report, “COVID-19 - A First Look at Distorted General Liability Actuarial Patterns.”
The natural impulse in a crisis is to react. But it’s essential, especially given the information lag associated with the COVID-19 pandemic, to avoid an impulsive overreaction to incorrect data signals. Learn about strategies to reduce the knowledge gap in your decisions in our report, “Information Emergence Lag and Wrong Signaling – Going Viral.”
MarketStance helps insurers distill and synthesize geographic, industry, and size-of-business data into reports and visualizations to support decision making.
Analyzing several lawsuits arising from the use of facial recognition technology, setting new legal precedent.Read the article
The Zipf-Mandelbrot Law has rarely been used in insurance—until now.Read the article
Prefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured dataRead the article
Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.Read the article
Automated underwriting requires high-quality data. The quote must be informed by a holistic view of the applicant’s risk profile.Read the article
Verisk’s Climate Change Projections help organizations investigate how loss metrics such as average annual losses (AALs) and return period may change in the future.Read the article
You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.