ProMetrix Commercial Property
What’s behind your underwriting decisions?
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.
Actionable data from a single source
Actionable data from a single source
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.
Access more data, more accurate, more often
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:
Robust prefill closes the gap
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:
- Occupancy
- ISO construction class
- Year built
- Number of stories
- Square footage
Make smarter decisions—faster—with the right data at your fingertips.
Discover the power of current data
Discover the power of current data
In addition to on-site surveys, Verisk uses cutting-edge tools to keep ProMetrix data as up-to-date as possible:
- Virtual and mobile technology
- High-resolution imagery
- Machine learning
- Automated updates leveraging trusted third-party data
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.
ProMetrix Reports
Building Underwriting Report
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.
Property Details Report
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.
Building Fundamentals
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.
Roof Underwriting Report
Leveraging artificial intelligence and machine learning, this report provides key roof data points, including condition, age, cover material, type/geometry, and solar panels.
Underwriters Advantage Report
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.
360Value Commercial
360Value Commercial
Component-based replacement cost estimates of labor and building materials that are up-to-date, localized, and seamlessly integrated into virtually any underwriting environment.
Sprinkler Assessment Report
Sprinkler Assessment Report
An objective engineering review that gives you an easy-to-understand evaluation of a sprinkler system’s effectiveness.
LOCATION
Risk-specific, address-level information to help you make superior underwriting & rating decisions.
BCEGS® Enhanced Wind Rating Program
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.
PPC® Peril and Incident Report
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.
Estimated Loss Cost Report
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.
Loss Cost Quote Report
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.
Risk Engineering Utility
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.
Risk Improvement Recommendations
Recommendations about observed building and occupancy hazards and an optional function to generate an estimated loss cost based on addressing those hazards.
Relative Hazard Percentile
Relative Hazard Percentile
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.
Casualty Underwriting Advantage Report
Casualty Underwriting Advantage Report
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.
Onboarding made easier
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.
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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.
