Insurance Consulting
Are you maximizing your analytical tools? Is a lack of actuarial talent impacting your performance?
Whether you need data-driven growth strategies, actuarial assistance, or a deeper dive into Verisk products, our insurance consultants are ready to help you drive your business performance forward.
Deep expertise to rapidly integrate new tech with the wide range of systems you use today
Deep expertise to rapidly integrate new tech with the wide range of systems you use today
Verisk professionals have integrated thousands of systems with new technology. This includes implementing new systems as well as upgrading existing ones with new features or products-all while leveraging automation and AI.
We do this with unrivaled insurance product and actuarial expertise to help you rapidly deliver industry-leading solutions to market. We are experts at the complex business of operationalizing all types of tech as well as consulting on how to blend InsurTech into existing workflows.
Actuarial acumen, at your service
If you’re looking to answer specific questions, grow new lines of business, or address gaps in internal resources, our experienced actuaries are ready to help address pricing, program development, reserving and analytics. Let our actuaries help you:
- perform in-depth rate analyses
- improve rate structure using more granular territories or new/improved ratings factors
- develop pricing using Verisk data and custom ISO forms, rules and loss costs
- identify expansion opportunities
- develop loss and LAE reserves
- create Loss Reserve Certifications
- combine Verisk data, third-party data and internal data with advanced analytics to reveal new insights
Guidance through the regulatory process
Verisk, in collaboration with Insurance Regulatory Consultants, can offer insurers a one-stop-shop to help launch new products, expand into new markets, leverage proprietary data for benchmarking, improve their actuarial analysis, and streamline their compliance workflows.
Maximize your investment
Maximize your investment
Our consulting team will work closely with you to utilize Verisk solutions to their fullest potential or apply them to new business challenges. Considering a leap into a new line of business? Want to expand to new territories? Need to derive more value from your data? Looking to understand how your performance stacks up against the competition? We got this.
MGA? Right this way
Do the math (with our actuaries)
Do the math (with our actuaries)
Good actuaries are hard to find. Fortunately, we’ve got them. When you need to run the numbers, our actuaries are ready.
- Need help filing your rates or customizing your rating structure?
- Want to run a segmentation analysis of risk profiles?
- Looking for our actuaries to review your actuarial analysis or pour over your new programs before launch?
- Forming a new MGA and want some actuarial support?
We’ve got this.
Coverages? We’ve got you covered
Coverages? We’ve got you covered
Ready to start your own agency? Want to add new coverages? Don’t want to spend months doing it? Verisk Insurance Consulting helps you get it done:
- Use ISO policy forms and endorsements right off the shelf. Now you’re up and running, fast.
- Keep your carriers in the loop: We’ll help you communicate with carriers as they’re sizing up your program.
- Need that personalized touch? Let’s work together to customize our programs for your unique needs.1
Better strategic planning starts here
Better strategic planning starts here
You can go with your gut, or you can go where the data takes you. With over 23 billion statistical records, robust insurance analytics, predictive models, and the Verisk experts who know how to use these them all, you can build a growth strategy on a strong foundation of data. Verisk Insurance Consulting can help you:
- Conduct a competitive analysis to help you understand the market landscape
- Discover market trends that you can capitalize on
- Pair your own data with our broader industry view to see what you might be missing.
Do you understand the level of risk in your portfolio?
As an insurer, can you ever be fully confident you understand the level of risk in your portfolio? Even if the information provided from agents or clients at the time of a quote is complete, potential risk can still go undetected.
Learn more about how Verisk Insurance Consulting can deliver customizable solutions to help you tackle such challenges.
Put us to work for you
Our consultants can help you solve unique business challenges using the Verisk products you’re already licensing.
Discover growth opportunities
Let us assist you in developing strategic plans using ISO DataCube™ and one of the largest insurance industry databases in the world.
Navigate market forces
ISO insurance consultants can help you assess economic impacts on lines of business, territories, competitors, business classes, and more using ISO MarketStance.
Accelerate your underwriting
Our insurance consultants can help you better classify risks while enhancing your underwriting process using LightSpeed®.
Refine pricing with predictive models
We can teach you how to generate more refined loss cost estimates using the ISO Risk Analyzer® suite of predictive models.
See your true competitive position
We can help ProMetrix® customers analyze their portfolio, identify attractive new risk opportunities and drive loss improvement.
Enhance performance
Our consultants are available to help you drive greater value from a range of Verisk insurance products and services.
- ISO licensing rules apply.