360Value
By-peril rating has potential to generate lift for insurers
Many insurers have significant potential to generate lift by aligning rates more closely with underlying risk levels.
Adopters of by-peril rating see gain in market share, profitability
Verisk studies show by-peril rating enhances market share and profitability for homeowners insurers.
Property-specific data enhances flood risk management
Insurers can better understand property flood risk by surveying exposures and accounting for building characteristics at the point of underwriting.
Reconstruction costs up sharply across the United States and Canada
Reconstruction cost trends for January 2015 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Reconstruction cost increases continue to slow for the US and Canada
Reconstruction cost trends for October 2015 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Have home inspections reached a tipping point?
Verisk sees significant opportunities for homeowners insurers to use geospatial data in property inspections.
Insurers embracing by-peril rating structures, predictive analytics
Survey finds majority of large homeowners insurers are incorporating by-peril rating structures, predictive analytics to more closely align premium to risk.
Changes in reconstruction costs by state Q4 2014
Reconstruction cost trends for October 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV), coverage A estimates.
Property-specific data helps underwriters better assess peril risks
The ISO Risk Analyzer in 360Value helps underwriters assess property-specific peril risks to better project replacement cost estimates.
Changes in reconstruction costs by state Q3 2014
Reconstruction cost trends for July 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Effect of property slope and site access on replacement cost estimates
Learn how property slope and site access may affect insurance coverage limits.
Property slope and site access added to 360Value prefill
Verisk Insurance Solutions is adding property slope and site access to the list of building characteristics offered in its 360Value property prefill offering.
Determining replacement costs for older homes
For most people, a home is their most valuable and prized possession. As such, homeowners have a pretty good idea of what it’s worth, often based on their perception of…
Changes in reconstruction costs by state Q1 2014
Reconstruction cost trends for January 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Preparing for the mobile invasion in homeowners underwriting
Emerging mobile-based technologies hold great promise for the homeowners insurance industry.