Discover how reliable data and advanced analytics can help you move with speed and accuracy to grow profitably and efficiently in the quickly evolving, highly competitive commercial property market.
ProMetrix provides the essential property information you need to make smart underwriting decisions – from detailed building characteristics, replacement cost estimates, loss costs, exposure data, protection details, and more. On top of it all, advanced analytics help you to benchmark and score each risk to better manage your overall portfolio.
ProMetrix® delivers hit rates with 100% fill rate for the five core property attributes that are essential for underwriting: ISO construction class, year built, number of stories, square footage, and primary building use. With 50+ years of experience, Verisk leverages on-site and virtual inspections, computer modeling, and proprietary data to help you compete. Explore the data:
In the fast-paced commercial property insurance market, customers expect a fast quote. Without robust prefill, underwriters may rely on incomplete or faulty information that can lead to premium leakage, underinsurance, and poor retention.
ProMetrix provides a 100-percent fill rate for the five core property attributes essential for underwriting:
Make smarter decisions—faster—with the right data at your fingertips.
In addition to on-site surveys, Verisk uses cutting-edge tools to keep ProMetrix data as up-to-date as possible:
ProMetrix data is verified and updated strategically by pairing an experienced professional with the appropriate survey method for each risk based on factors such as hazard type, occupancy, and presence or absence of sprinklers.
Detailed information collected on-site about the characteristics of individual buildings, wind-specific and LOCATION data, aerial imagery, and a Relative Hazard Percentile that compares your subject risk against the average profile of similar structures in ProMetrix state and countrywide databases.
A street-level, exterior-only survey of a building, combined with aerial photos, Relative Hazard Percentile, detailed LOCATION® data, business information, and public records data that includes property characteristics.
Photos, property characteristics, LOCATION data, business information, and an analytic tool that verifies the accuracy of information in municipal tax assessor databases about construction, square footage, and number of stories.
Leveraging artificial intelligence and machine learning, this report provides key roof data points, including condition, age, cover material, type/geometry, and solar panels.
Property-specific data from a variety of ProMetrix reports, including building, occupancy, fire protection, and wind information; estimated replacement cost; wildfire risk; and flood risk.
Component-based replacement cost estimates of labor and building materials that are up-to-date, localized, and seamlessly integrated into virtually any underwriting environment.
An objective engineering review that gives you an easy-to-understand evaluation of a sprinkler system’s effectiveness.
Risk-specific, address-level information to help you make superior underwriting & rating decisions.
Enhanced wind (BG II) loss costs; building construction; roof, wall, and framework details; environment and exposure information; and wind loss history for eligible properties in the ProMetrix database.
Provides a historical record of reported fire and gas emergency incidents and non-modeled weather events to help identify the likelihood of a future adverse event.
Estimates of loss costs for class-rated and specifically rated properties not in the ProMetrix database or that have had an occupant change. This includes the capability to modify the results to reflect changes in Public Protection Classification (PPC) and sprinkler grading score.
Rating Plan/BG I Construction/Protection (RCP) and Rating Plan/BG II Construction/BCEGS classification (RCB) codes, BG I and BG II loss costs, and Commercial Statistical Plan (CSP) class codes—for class-rated and specifically rated properties and for properties with additional Class Insight.
Allows you to identify remediable deficiencies in a building that affect loss cost and model the revised loss cost with the assumption that the deficiency was corrected.
Recommendations about observed building and occupancy hazards and an optional function to generate an estimated loss cost based on addressing those hazards.
A comparison of similar buildings using an objective engineering formula to evaluate a building’s construction, occupancy, protection, and exposure risks relative to state and national averages.
Comprehensive insights underwriters need to confirm application accuracy and effectively select and price liability policies. Business information includes a classification assessment to confirm appropriate classification, finance estimates to verify exposure, and various risk indicators that identify specific ongoing risks and the likelihood for future risks. Property and public protection grading are included to evaluate the likelihood and severity of premise-related liability claims. Neighborhood data completes the picture with additional insights regarding geographically-specific risks.
Verisk offers a fast, efficient, and supported onboarding process that bypasses internal and external challenges with a solid plan, a dedicated team, and our commitment to collaborative customer service.
Looking for actionable takeaways on trends influencing commercial property insurance? Check out Inside the Data-Verisk Commercial Property for analysis and news developed especially for underwriters and loss control engineers.
Get more reliable, component-based replacement cost estimates that account for virtually all material and labor required to rebuild with 360Value for commercial lines.
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