BuildFax

Property insights you can trust

Verisk has taken another important step in the evolution of its insurance solutions by acquiring BuildFax in October 2019

What does this mean for you?
By bringing together BuildFax’s unique data assets on property conditions with the deep domain expertise and robust property analytics of Verisk, the acquisition enables Verisk to provide property insurers a more holistic view of property risk and the evolution of that risk over time.

84 Billion Plus

Data points on residential and commercial structures

12 Million Plus

Premium-impacted changes detected every day

100 Million Plus

Residential and commercial structures covered

BuildFax property insights help reinforce the insurance value chain

Segment and price risks more competitively

Neighborhoods

Segment and price risks more competitively

Granular property insights can bolster your existing pricing strategy. Leverage property insights to fine-tune rating algorithms that consider the evolving risk landscape.

Elevate your underwriting from onboarding to renewals

Data

Elevate your underwriting from onboarding to renewals

BuildFax property insights enable underwriters to drive faster and more accurate decisions at scale. Underwriters are better equipped to capture the right risk, optimize inspections, ensure eligibility, and validate premium-impacting changes.

Target the right customers locally and at scale

Build Fax Image 2

Target the right customers locally and at scale

The rapidly changing landscape of U.S. property creates new opportunities to expand your book of business and allocate resources internally with insight into active housing markets. Market to targeted risks that fit your specific set of underwriting guidelines.

Expedite payouts and close the loop on claims

Buildfax Solutions

Maintain customer satisfaction even in the high-speed claims environment. Pay claims promptly with an eye on structure depreciation and verify property repairs, all the while detecting potential instances of fraud.

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Improve your negotiating position and reduce reinsurance risk exposure

Reporting

Improve your negotiating position and reduce reinsurance risk exposure

Enter increasingly robust catastrophe reinsurance discussions armed with insights from a trusted third-party data source and validated modifiers for increased transparency into the risk on your book. Capture significant property changes that influence probable maximum loss (PML) assessments.

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Other Ways to Connect

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    Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.

  • Main Toll-Free: 1-800-888-4476

  • Global Toll-Free: International Access code, then 800 48977489