Insurance roundtable panel: Big data, mobile technology, and other emerging trends are changing the nature of property inspections.
While insurance pricing and product managers may not intentionally compromise risk management, there may be gaps due to the accuracy of their roof age data.
Verisk's 360Value team analyzed total-loss properties to determine which building characteristics yield the most reliable replacement cost estimates.
To better understand reconstruction cost changes over a long period of time, Verisk’s data stewards leveraged Xactware’s reconstruction cost data to gain greater insight…
Alternative energy systems are a property characteristic to consider when estimating replacement costs.
From catastrophes like hurricanes and sinkholes, to managing the risk of house fires, Verisk Insurance Solutions offers a number of ways to address risk.
Verisk has expanded its 360Value® replacement cost estimation system to include existing claims and underwriting prefill data for residential properties.
Wind and hail represent the highest loss cost for property insurers, and the age of a roof is highly correlated with the frequency and severity of claims.
Centauri Insurance uses Verisk risk assessment upfront in the underwriting and quoting workflow to provide a superior customer experience.
Reconstruction cost trends for July 2015 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Verisk's CV-Exchange® offers a fast, easy, and economical way for insurers to manage notifications and escrow invoices efficiently and with less paper.
Verisk's A-Plus database providing claims on past property insurance claims now bundled and accessible through the 360Value replacement cost estimator.
Many insurers have significant potential to generate lift by aligning rates more closely with underlying risk levels.
Verisk studies show by-peril rating enhances market share and profitability for homeowners insurers.
Insurers can better understand property flood risk by surveying exposures and accounting for building characteristics at the point of underwriting.
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