$4.5 billion in premium
leakage in just one category—misclassification—for commercial property insurers over four years
In today’s quickly evolving, highly competitive commercial property market, you must move with speed and accuracy to grow profitably and efficiently.
Underwriters need reliable data, but distributors and customers want things fast. How do you meet expectations and still shield your business from the effects of poor data?
The advantage of robust data
ProMetrix has data and analytics for more than 12.2 million commercial properties.
All properties include critical underwriting information on ISO construction class, year built, number of stories, square footage, and primary building use (Commercial Statistical Plan code).
- 4+ million properties
Site-verified by Verisk field staff - 7.5 million
Related aerial images
Speed AND accuracy
To underwrite and price a policy properly, you need accurate, reliable data and analytics across a wide spectrum of building characteristics and property exposures. The ProMetrix® solution provides reports, prefill, aerial imagery, on-site surveys, and more—the robust data and analytics you likely need.
Actionable Information
Actionable Information
Building characteristics
Reliable data on building and exposure characteristics is a crucial part of determining appropriate coverage and pricing for commercial properties. The data covers a wide range of risks and exposures, such as construction class, weather patterns, roof information, and whether the building is sprinklered. We provide fast prefill for web-based applications and quoting tools, detailed reports, reliable replacement cost estimates, and more.
Peril risk management
Natural catastrophes and weather perils, such as wildfire, flood, wind, hail, earthquakes, and storms, can severely damage a building. Understanding a buildings exposure to natural catastrophes and weather events, along with the property’s peril history, can provide valuable insight into future exposures. We offer data based on actual claims, predictive analytics tools, and scores to help you prepare for and mitigate the effects of a wide range of perils, including enhanced wind exposures.
Survey Services
On-site inspections verify risks and exposures in real time, both for new properties, renewals, and reinsurance customers. But do you have the resources to conduct them quickly and expertly? Let our cadre of more than 550 nationwide, on-staff field analysts take care of this task for you. They’re experienced at providing unbiased professional assessments and conducting thorough, timely on-site surveys.
Easy and quick replacement cost estimates on demand
Underwriters need accurate and up-to-date replacement cost estimates, but don’t always have prefill data. ProMetrix users can now order a 360Value® replacement cost report using “five easy pieces” of property information they already have on hand: Square footage, occupancy, year built, number of stories, and construction class. Insurers rely on 360Value, which integrates the same comprehensive data used by Xactimate® for claims estimates.
Webinar: The Importance of Accurate, Verified Property Data
Automated loss histories
Customers want fast decisions, but underwriters need accurate data to price policies properly. With A-PLUS™ Commercial automated loss histories, you can have both speed and accuracy.
Fast, efficient, supported implementation
Onboarding challenges are a frequent insurer concern, but the ProMetrix onboarding process is fast, efficient, and dynamically supported, helping you realize the results of your investment now.
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