360Value
As increases slow, reconstruction costs show signs of stabilizing
Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.
Keeping pulse: Tracking the latest price surges to maintain ITV
Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Hurricane Ian and other pressures drive uptick in reconstruction costs
Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.
Stay ahead of volatile replacement costs to support insurance-to-value
Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.
Reconstruction cost rise slows—but from historic peaks
Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.
Keeping up with home improvements—and insurance to value
Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.
Integration without disruption: Simpler reconstruction cost estimates
Property insurers can move to simplify quoting workflows in a digital-first strategy with fast, reliable reconstruction cost estimates.
Not a monster: How insurers can accelerate their digital transformations, one step at a time
With automation and analytics advancing at a rapid pace, many insurers are looking to transform the experience of buying commercial coverage, from time-consuming and…
Capture insurance to value at renewal for personal property
With renovations increasing rapidly, the pressure to monitor property changes has increased to promote premium and ITV alignment.
Inflation lifts reconstruction costs as fuel prices boost volatility
Verisk's 360Value® Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 13.5 percent from April 2021 to April 2022
Reliable prefill data helps boost homeowners underwriting confidently
SmartSource in 360Value gives personal property insurers the current and comprehensive data they need to underwrite with confidence.
Three strategies for reliable commercial property valuations
Enhance ITV with 360Value for Commercial Property, which includes monthly price updates and an a pioneering method for estimating contents.
Automating more homeowners quotes via efficient, reliable underwriting
Automated underwriting can help homeowners insurers be thorough, consistent, and fast with timely, actionable data and analytics.
Reconstruction prices rise moderately amid demand for materials, labor
Total U.S. reconstruction costs, including materials and retail labor, rose 7.2 percent in the year-over-year period ending January 2022.
Economic shifts shape the unfolding journey for homeowners insurers
Supply-chain issues, labor shortages, and high demand for building resources are complicating factors as homeowners insurers head into 2022.