Through strategic alliances with leading credit information services, Verisk gives you easy access to critical consumer credit data. The information helps you predict the expected loss ratio or claim frequency associated with an insurance policy applicant.
Credit scoring can be an invaluable aid in underwriting for new policies and renewals, reducing your loss ratio and increasing the efficiency of your decision making.
In addition to providing information on an applicant’s credit history, Verisk also offers score reports to evaluate your potential insureds based on the insurance coverage requested. For residential property risks, Verisk offers six scoring models to support applications for the primary homeowners insurance forms.