Capture a critical risk factor with confidence
Verisk combines permit insights, assessor records, and an array of other data elements to assess the age of a structure’s roof using our deep industry experience and advanced data science.
There are about 75 million properties in the US with roofs approaching the end of life1
$1.31B in annual premium leakage due to underestimated roof age2
50% increase in severe wind, thunderstorm, and hail events3
Refine risk selection and segmentation, accelerate quote to bind, prioritize use of inspection resources, improve renewal strategy, and fine-tune catastrophe model outputs.
The cost and structural complexity of a roof, coupled with its critical role as protection from the elements, can raise particular concerns for many property insurance underwriters. Verisk estimates U.S. roof claims exceeded $19 billion just in 2021, making up about 30 percent of all property loss dollars.
Validating roof age is an ongoing challenge for many homeowners insurers that demands a range of reliable sources to verify age, condition, and characteristics.
Combining artificial intelligence and machine learning with leading data and analytics, Verisk provides key roof information for every property you insure.
Roofs can vary significantly by material and shape, and reconstruction costs of materials can fluctuate. Holistic views of roofs can help underwrite properties with precision.
This report examines recent activity, trends, and data-driven tools to help insurers and communities better measure and mitigate risk surrounding three especially destructive categories of hazards: Hail and severe thunderstorms, wildfires, and hurricanes.
The growth of imagery analytics as a property underwriting tool accelerated through the pandemic is changing the future of risk assessment. Explore capabilities derived from our aerial imagery and roof analytics to help capture a comprehensive view of property risk.
Florida's market and regulatory forces are changing the profile of roof exposure for many insurers. Powerful data and analytics can help maintain a clear picture.
Hail Damage Score assess the potential for pre-existing hail damage to a property. Hail Risk Score measures the likelihood of future damage over the short to medium term.